The writers who contribute to Hollencrest’s Perspectives
Why Investing Feels Awkward, and What To Do About It
Summary: Effective diversified investing – which spreads a portfolio of investments across multiple areas and asset classes, holds laggard securities, and rebalances to cull winners and add to losers – often feels awkward because it runs contrary to […]
BREXIT – The U.K. votes on whether to leave the European Union
The Brexit vote (U.K. citizens voting on whether to leave the European Union) is this Thursday, June 23, 2016.
- I believe the U.K. will vote to remain
- We should know results by Friday morning
REMAIN
If the stay vote wins, British and European stock markets should rally in […]
Question the usefulness of some historical stock market statistics
Summary: No central bank has ever unwound a $4 trillion stimulus program and experience with raising rates from zero percent is limited; therefore, historical statistics on how stock sectors react to a rate rise are of limited use.
Fed rate hike moves […]
Thoughts on E&P (Oil Exploration & Production Companies)
Some rough notes to help frame an outlook for E&P companies
OIL OVERVIEW
The 2014 downturn in oil prices was caused by oversupply (not lack of demand); thus a correction of supply will improve prices
- Oil supply/demand fundamentals will tighten through 2017
- The incentive cost-curve for […]
Financial markets and economies bounced in and out of a deep pothole in the first quarter of 2016
Financial markets and economies bounced in and out of a deep pothole in the first quarter of 2016 and the stomach churning reverberations continue to be felt in some investor stomachs. The underlying strength of the US economy, led by consumer spending, is […]