In mid-October, Evergreen’s Chief Investment Officer, David Hay, had the opportunity to sit down for a long (and chilly) interview with Grant Williams. For those unfamiliar with Mr. Williams’ work, he is the founder of Real Vision and author of one of the most popular and widely-read financial publications around the globe, Things That Make You Go Hmm…
Back in early September, we ran a fascinating interview with Rick Davidson, former CEO and President of Century 21. In the exchange, Rick hinted at the beginnings of a real estate slowdown in the US, anticipating coastal markets would see the tide shifting first, before a more broad-based tightening took hold. Since then, ominous headlines have made waves in national publications, echoing and expanding on this outlook (you can find a particularly popular one in The Wall Street Journal).
It never ceases to amaze me how conditions can change almost instantaneously in the stock market. It was only a couple of months ago that the S&P 500 seemed invulnerable and on pace for a double-digit return year. However, as we approach the end of 2018, with countless investors praying for a Santa Claus rally, any gain would be appreciated.
For many, the holiday season is a special time to pause and reflect on things that are important. It is a time to celebrate, show gratitude, and practice generosity with family, friends, and co-workers. While joyful in most cases, it can also be a very busy time of year, as people travel, attend holiday parties and buy gifts online.
At the beginning of 2018, we initiated a new EVA series titled “Bubble 3.0” with excerpts from David Hay’s upcoming book tentatively titled “Bubble 3.0: How Central Banks Created the Next Financial Crisis”.