top of page

Market and Investment Commentary

News items pertaining to market conditions, other trading processes or matters of general interest will be published here periodically.

01

02

03

04

05

06

CXO Advisory

CXO Advisory website, 2012

​How often are the experts right?  What percentages of their trading calls are successful?  To gauge the performance of the SMTP Trading Process, compare the "winning %" of Algorithms A & B with the data presented in the following analysis.

Berkshire Hathaway

​Shareholder Letter, 2014

Since its' inception in 1965, Warren Buffetts' Berkshire Hathaway has outperformed the S&P 500 by almost 12%.  The first page of the 2104 shareholder letter​ details the year-by-year performance of the world-renowned investor.

The Prudent Speculator

​Forbes, 22 May, 2014

Rated as the best stock advisory newsletter over the past 20 years, The Prudent Speculator is highlighted in the article from Forbes.  It has achieved 17% average annual gains in a time period where the S&P500 has gained 9.5%.

Irish Pension Fund perfomance ytd

​Finfacts.ie, 7 Aug, 2015

Strong performance in the first half of 2015, continuing the trend since the financial collapse of 2008.  Note that the average performance over 10 years is +5.8% per annum.

Marc Faber

The Big Picture, 10 August 2016

​Marc Faber is a respected Swiss investor.  For what its' worth, here is a timeline of his forecasts for the S&P 500 since 2009, courtesy of Barry Ritholz at The Big Picture.  Draw your own conclusions regarding the merits of following forecasters, no matter who they are !!

​

                              "Prediction is very difficult, especially about the future"Niels Bohr

How difficult is it for an “active” fund manager to beat the market?

Daily Telegraph, 21 January 2017

Just 20 out of 87 active US fund managers beat the main index, the S&P 500 – over five years.

Only 7% of funds beat the index by more than 10 percentage points.

​

    

07

The Question of When to Sell Isn't So Simple

Bloomberg, 30 October 2017

The Trump rally has lasted almost a year.  This begs the question :- when to sell?  Consider the 5 points outlined in this article from Bloomberg.

​

    

bottom of page