To subscribe to our latest commentary and other insights, please complete the form and submit.
If you would like more information about a particular article, then email

2019 First Quarter Commentary

For printable version which includes all graphs and tables, click here.​​​​ “Imagine how much harder physics would be if electrons had feelings!” This quote, from noted physicist, Richard Feynman, was brought to our attention recently in Howard Marks’ new book, Mastering the Market Cycle. This book emphasizes the influence of human emotion on the cyclicality of markets. In today’s world of mechanical index investing, robo-investors, and artificial intelligence, many are arguing that the days of cycles are over. This is potentially an easier argument for others to make today, especially as we have just passed the 10th anniversary of the current bull market for stocks in the United States. Tha

© Foundation Resource Management 2020. All rights reserved.

401 W. Capitol Ave, Suite 503 | Little Rock, AR 72201 | 501.604.3190


Contact   |   Disclosure