In big geopolitical events, anxieties are high, conflicting headlines are the norm, and everyone anchors to the worst-case scenario. Sometimes there are lasting effects, sometimes the world has moved on in 3 weeks. It’s really hard to know, and that’s why market volatility soars. Secondly, markets experience 10%+ drawdowns about every two years – and […]
One of Doxa’s axioms is “every number has a story and every story can be told in numbers.” It’s a good one to live by given the many narratives we sift through daily – the sheer volume of information in our digital age is like drinking from a fire hose. For us, everything is about […]
Right now the market’s focus isn’t Covid-19, but rather on how the collective population perceives Covid-19. The swiftness of our recovery depends on the psychology of global consumers. If fear is widespread for some time, the recovery will be slow. If fear dissipates quickly, the recovery will be fast. In our summer note, we use real-time alternative […]
As you already know, we are in unprecedented times. The first quarter of 2020 marked the worst performance in history for the Dow Jones Average, crude oil had its worst quarter ever, and credit volatility is surpassing the extremes of the Great Financial Crisis. Should we panic about our portfolios? Absolutely not. We understand moments […]
The beginning of a new decade is upon us. Markets will go up in the 2020s. They’ll go down too. While this appears obvious – it is important to remember that the 2020s will have twists & turns, successes & pitfalls - just like the years before them. However, the past is not always a […]
