Another curious move in the equity markets. It appears as though fund managers are front running the expected second half recovery and piled into stocks today despite weak economic news. Stocks started the third quarter out with a 0.44% gain. The dollar was weak once again as the Euro and Yen gained. Oil fell about 1%, gold gained 1.4%, natural gas declined 1.1%, copper rose 0.4% and the VIX fell 0.5%.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.