by Kimberly Kirchner, Sponsored Content Editor, The Berkshire Eagle 21 years in business is no small achievement, but Berkshire Money Management CEO and Chief Investment Officer Allen Harris prefers to measure his company’s success with a different metric. “I’ve worked with folks in this area, with businesses that are literally going on a century. And there’s something to be said for that kind of longevity,” Harris said. “But I’ll also say that longevity isn’t the only reason business should be celebrated.” Harris is focused less on the last 21 years of BMM’s history, and more on the next 5 years…
Insights & Advice
Allen Harris
Make up your mind, already!
Hey, stock market. Are you going up, or are you going down? Pick one side of the 200-day moving average and stick with it, would ya? What is the 200-day moving average? The 200-day moving average (DMA) is a key indicator that investors (traders?) use to gauge whether an investment is in an uptrend or a downtrend. The 200-DMA is typically represented by a line chart and represents the average price of the past 200 days. When the price of an investment is above the 200-DMA, it’s considered in an uptrend. And, when it’s below the 200-DMA, it’s considered…
A dud of a stock market
“If stocks don’t fall, the Fed needs to force them.” —Bill Dudley, former NY Federal Reserve Bank President (2009–2018), on how far the Fed should go to get inflation under control, in his Bloomberg op-ed. Dudley may no longer be a member of the Fed, but I believe he is communicating a message from them. It is not that a stock market crash would deflate inflation. Dudley refers to a concept I introduced in a previous column describing the death of the “Fed put.” As I said in January 2022, and as Dudley noted on April 6, 2022, the Federal Reserve…
Can the Federal Reserve engineer a soft landing?
Can we talk about how crazy the first quarter of 2022 was? From Volodymyr Zelensky to Will Smith. The so-called “Don’t say gay” bill and the woefully mislabeled “Billionaires’ tax.” From the vetting of Ketanji Brown Jackson to the Olympics (well, maybe not the Olympics), the world was buzzing about serious news and outright nutso news. Perhaps that’s why many people didn’t realize that the S&P 500 fell more than 10% from a closing high during that quarter. Later, the index traded 10% higher than its intra-quarter closing low. But it did. Since World War II, there have only been…