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David Beahm Blanchard CEO

Monday Morning Wrap Up – June 1, 2020

Welcome to summer. As the Great Lockdown ends and states continue to loosen Covid-19 restrictions, Americans are venturing out to shop, socialize, get their hair cut and eat at outdoor restaurants, tables spaced six feet apart. The U.S. economy is slowing returning to work. While the reopening is encouraging for the economy, there remain many challenges for customer-facing businesses. This is likely to be a long process as social distancing measures remain in place limiting ... >> Read More        
Find Your Territory

Find Your Territory

At the end of Mark Twain’s, The Adventures of Huckleberry Finn, the main character tells the reader that he is going to “light out for the territories.” That is, he is going to head out to the great frontier. In this new chapter of history, investors should consider how they will reach the frontier…the efficient frontier. The efficient frontier is a concept that is part of modern portfolio theory, or MPT. The idea behind modern ... >> Read More        
Who decides what is normal

Who Decides What is Normal?

Gold, Investment, Market News, Research |
Approximately half of the states in the US are starting to relax social distancing measures. This fractious approach to returning to “normalcy” has become the defining characteristic of the country’s response to COVID-19. Some states are extending aggressive stay-at-home measures. Others never fully embraced them in the first place. Despite this asymmetry, there appears to be a uniform hesitance among Americans to embrace business as usual. While the government and states can issue formal re-opening ... >> Read More        
David Beahm Blanchard CEO

Monday Morning Wrap Up: May 18, 2020

The days are getting longer. The sun is shining brighter. Flowers are blooming. Garden centers are reopening in many part of the country so people can begin their spring planting: seeds, tomato plants, annuals and more. Spring is a time of new beginnings. We as a country are still mired in a great deal of uncertainty, yet there is so much to be hopeful about. In the midst of the economic distress, tragic health issues ... >> Read More        
David Beahm Blanchard CEO

Monday Morning Wrap Up: May 11, 2020

America is Resilient As we move into the second month of the COVID-19 pandemic, it's worth pausing to remember how our country overcame past crises. Remember the historical events that shook our country like the Spanish flu, the Great Depression, Pearl Harbor, 1970's oil embargo, 9/11, the 2008 financial crisis and more. America is resilient. We as a nation worked through previous crises and this too shall pass.  While the details and cause of the ... >> Read More        
David Beahm Blanchard CEO

Monday Morning Wrap Up: May 3, 2020

A message from David Beahm President and CEO Opening Up Over half of America is beginning a week with looser coronavirus restrictions. While some states remain under shelter-in-place orders, other states are reopening for business. Gyms, malls and hair salons are beginning to reopen in a scattering of states amid warnings from public health officials that the moves could cost lives. Will there be a cost to opening up? What about a second wave of ... >> Read More        
Why “Tail Risk” Should Be in Your Investment Vocabulary

Why “Tail Risk” Should Be in Your Investment Vocabulary

A tail risk is the probability of a rare event occurring.  The tail is the left and right portion of a normal distribution curve which resembles a bell and therefore carries the name “bell curve.” Author and investor Nassim Taleb explored the concept of tail risk in his 2007 best-seller The Black Swan: The Impact of the Highly Improbable. In the book Taleb tries to draw the reader’s attention to the idea that too often ... >> Read More        
David Beahm Blanchard CEO

Monday Morning Wrap Up – April 27, 2020

A message from David Beahm President and CEO Gold $3,000 It was another wild week in the economy and the markets. As we wait for the coronavirus to peak, the economic toll from the shut-down continues to mount. Never say never. We saw oil prices go negative last week. The price of West Texas Intermediate (WTI) crude oil closed below zero on April 20. That's right, oil sellers couldn't give barrels of oil away for ... >> Read More        
David Beahm Blanchard CEO

Monday Morning Wrap Up: April 13, 2020

A message from David Beahm President and CEO Crisis Reshapes the Future Black Swan. Nassim Taleb, a professor of risk engineering at New York University, popularized the term: Black Swan. It is defined as a highly improbable event with major consequences. Think back just a few months ago. At the beginning of 2020, the stock market was hitting new all-time highs, the unemployment rate was at a 50-year low, the economy continued to grow in ... >> Read More        
David Beahm Blanchard CEO

Monday Morning Wrap Up – April 6, 2020

A message from David Beahm President and CEO Gold Shines: Shelter in the Storm Nearly 90% of Americans are now under some sort of lockdown as the coronavirus pandemic halted daily life as we know it. Businesses are closing left and right as the number of COVID-19 cases are exploding in New York City and other parts of the country as well. Job layoffs are skyrocketing at a faster pace than any time in U.S ... >> Read More