Regan Teague, CFA

03/19/2025

To date, 2025 has marked a notable divergence from the trends observed in 2024. The technology stocks, previously celebrated as the “Magnificent 7,” have encountered significant challenges in the early part of the year. Given their substantial weight within the S&P 500, their underperformance has exerted downward pressure on the broader index. Despite this decline, defensive sectors such as healthcare and consumer staples have recorded positive returns year-to-date. This resilience in select market segments is atypical of widespread, recession-driven selloffs. Our models corroborate this assessment, and accordingly, we maintain a neutral stance on equities. Click the link below to read the full report.

To date, 2025 has marked a notable divergence from the trends observed in 2024. The technology stocks, previously celebrated as the 'Magnificent 7’, have encountered significant challenges in the early part of the year. Given their substantial weight within the S&P 500, their underperformance ha

10/23/2024

We can all agree that it is INSANE that some states are coming out and saying they wont have their counting done on election night right? Like.....througout our lives its always been possible but now all of a sudden its not?

10/18/2024

Retail sales continue to be below historic averages.

10/15/2024

This is a real argument going on in regards to voter registration.

Everyone: It is illegal for non-citizens to vote

Republicans: That is correct, but we want to make sure states, who run elections, are inforcing that law. The SAVE act puts specific guidance in place on how to do that.

Democrats: That is racisit and voter surpression. We refuse to vote for that.

Republicans: Ok, well our governors are going to clean up their voter registrations at the state level then. I.E. Youngkin in VA removing anyone from the voter registration who checked the non-citizen box on the application or that checked no box and has not responded to 3 requests for clarification on why they didnt select a box.

Decmocrats: That is racists and voter supression so we (The DOJ) are going to sue you to stop you from doing that.

Save Act:
https://www.congress.gov/bill/118th-congress/house-bill/8281 #:~:text=Safeguard%20American%20Voter%20Eligibility%20Act%20or%20the%20SAVE%20Act&text=Specifically%2C%20the%20bill%20prohibits%20states,documentary%20proof%20of%20U.S.%20citizenship.

10/15/2024

Add this to the backdrop of household’s allocation to equities is near all time highs and valuations are also at historically high levels. All in all, risks are elevating.

10/14/2024

After decrease in M2 during 2022 and 2023, we have now seen 5 consecutive months of growth. This is not restrictive monetary policy.

10/11/2024

Don’t listen to political talking points trying to take advantage of your emotions.

10/09/2024

With valuations at historically high levels, earnings growth is a must.

10/02/2024

Even with 's gap down today, the stock is still trading at a forward PE of over 27. In addition, our EVA work reflects that sales growth needs to maintain histroic norms while EVA margins must expand to historic highs just to warrant today's price of $83.98.

09/26/2024

The CNN Fear/Green Index is approaching levels of extreme optimism. Historically, equities have underperformed when the indicator reaches an extreme and reverses. We would use this as an opportunity to lock in some gains on positions that are above our determination of fair value.

09/26/2024

Goldman expects GDP to be revised lower following the huge revision in jobs data.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero