Oelschlager Investments
Six-Seven
If you’ve been around anyone under the age of 25 lately, you have likely been exposed to the “Six-Seven” phenomenon, whereby kids react excitedly upon hearing or seeing the numbers 6 and 7 in sequence. It can come from anywhere at any time…
Defense Wins Championships – Or at Least the First Quarter
Portfolio managers that didn’t fully embrace the AI trade withstood their share of criticism over the past year or two, as many AI-linked stocks reached great heights.
We're Going Streaking
The stock market posted some noteworthy streaks of its own in the fourth quarter.
Morro the Same
In 1539, 30 years after San Juan was founded, the Spanish began building defenses of its harbor on the northern shore of Puerto Rico. Construction continued for another 250 years. Now that’s a long time-horizon! The mammoth fort known as Castillo San Felipe del Morro (or “El Morro”) is still standing.
Total Eclipse of Fears
In 1983 Bonnie Tyler's ‘Total Eclipse of the Heart’ rocked the FM airwaves, reaching number 1 on the Billboard chart. My father, who couldn't get enough of the tune and played it over and over.
Swift Thinking
Music star Taylor Swift has taken the country by storm this year, selling out large football stadiums in every city lucky enough to have her perform.
First Quarter 2023: March Madness
At the end of 2021, the Dow Jones Industrial Average closed at 36,338, and the career scoring total of LeBron James stood about 60 points lower…
Federal Reserve Uprising
In 1987, Sports Illustrated, the preeminent sports periodical of the time, predicted the Cleveland Indians would win the American League pennant in its baseball season preview.
War and Remembrance (of Rising Interest Rates)
…war is an old habit of thought, an old frame of mind, an old political technique.
The Powell Pivot
One of the fundamentals of basketball is that a player who has picked up his dribble can evade trouble by pivoting away from a defender.
See a Penny (or a Million of Them) – Pick it Up
In the second half of 2020, Alphabet began buying back C shares, which caused C to regularly trade at a slight premium to A, a reversal of the historical norm. In actual dollars, this meant the C shares traded at $2,511 while the A shares were $2,402.
Shanghai Surprise
Shanghai Surprise is a 1986 movie about a con man, a nurse, and a coveted supply of opium. Markets got a Shanghai Surprise of their own in the third quarter, as China’s “common prosperity” movement led to crackdowns on myriad industries.
It’s Snowing
In the children’s book “Snow” by Uri Shulevitz, the story starts with gray skies and no precipitation
Money Seemingly Boundless
Within days of each other in March two Northeast Ohio legends passed away: Michael Stanley and Joe Tait.
Q4 2020 Market Commentary
In the fourth quarter of 2020 the November 9 Covid-19 vaccine data prompted a shift in the market on that day, as the cards were turned over on Pfizer’s/BioNtech’s candidate. The positive efficacy data led to a strong rally in lowly-valued stocks and shares of companies that had been negatively affected by the pandemic.