Pete Andresen's Financial Thoughts.

12/31/2025

Happy 2026! The merger with Integris Wealth Management has been a great success and the performances of most financial markets have mostly exceeded my expectations. I close out 2025 with this tribute to the awesome Warren Buffett.

A reflection on the values Buffett stands for, with a Thanksgiving angle.

05/20/2025

This is interesting!

04/22/2025

On April 23rd, 2025, after 38 years of existence, Andresen & Associates, Inc. will completely merge with Integris Wealth Management, Inc, and this page will be renamed to "Pete Andresen's Financial Thoughts" or something like that. I'm going to keep working, joyfully, as part of the Integris Wealth Management team. On we go! I'm looking forward to the coming years of working as part of a team!

04/16/2025

Something different from most expectations.

The breakeven inflation rate has a better record than the University of Michigan survey. Here’s what it’s saying now.

04/03/2025

A few things to note about the depreciation of the US dollar index in response to the US tariff announcement:

It is consistent with what has been a pronounced market reassessment of US growth prospects and, with that, falling US yields and expectations of larger Federal Reserve rate cut (as well as lower net capital inflows).

It complicates the already considerable economic challenges faced by countries on the receiving end of US tariffs.

It is yet to reflect (i) what I think will be a major reassessment of growth outside the US and (ii) the extent to which the Fed’s room for cuts will be constrained by inflation concerns.

04/03/2025

Today was a major hit, but there are some interesting details.
1. Diversification is working! Bonds, healthcare, and international all did surprisingly well.
2. Undervalued small stocks got slammed as I feared due to their potential vulnerability in recessions.
3. Why wasn’t it worse? I’m guessing because investors don’t think that it’s really gonna happen.
4. Why not buy now? We don’t know what will happen but the downturn may not be done. Or, it’s done and diversification will pay off, again.

04/02/2025

Diversification worked!!! https://www.morningstar.com/markets/q1s-biggest-lesson-investors-diversification-works?utm_source=eloqua&utm_medium=email&utm_campaign=MorningDigest&utm_content=None_62577&utm_id=32353

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03/06/2025

One of the great thefts in history...relatively unreported.

Experts note that this is just the first step for the alleged North Korean hackers to profit from the historic heist.

02/20/2025

Up and up the stock market goes. Where will it stop? Nobody knows.

Fund managers admit they’re buying overvalued stocks.

02/12/2025

Ahhh c'mon. You weren't surprised, right?

The consumer price index was expected to increase 0.3% in January, according to the Dow Jones consensus estimate.

02/08/2025

https://youtu.be/cajOWvHecwU?si=3OedYNm-ytDSiUTm

Recently we've been witness to a pivotal and confusing point in history as the new administration has created chaos and threatened to enact tariffs on many o...

02/03/2025

We have been managing money with the perception that something big is out there, potentially. Potential does not equal reality, though.

Meanwhile,
Valuation
Inverted yield curve in 2024
Mania for crypto and AI
Manic S&P 500 index fund investing.
And now the Trump tariffs.

I can't even guess what will happen next, but common sense suggests that we are in a high-risk environment.

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