July 2022 - First Half 2022 Update
July 27, 2022
Dear Investors and Friends, In our last letter we introduced our readers to our description for and explanation of the current downturn, “The Great Reset.” The trend that we highlighted continued through the end of the quarter with nearly all financial assets down significantly. This …
June 2022 - The Great Reset
June 22, 2022
Dear Investors and Friends, It has been a tough year for investors. No matter where you look, global financial assets have gotten crushed and with heightened inflation rearing its ugly head for the first time in the US in nearly forty years, even cash has offered little solace. What h …
May 2022 - The Kentucky Derby: Odds, Probability and Fixed Income Investing
May 18, 2022
Dear Investors and Friends, For a few brief hours on the first Saturday in May, America becomes a country of gamblers. It is fascinating to watch not only for the spectacle of the event but also because, once the race is over, viewers from California to Maine suddenly become armchair …
April 2022 - Q1 2022 Performance Review
April 12, 2022
By now you are no doubt tired of hearing that inflation has climbed to its highest level since the 1970s. There is extreme upward pressure on wages with unemployment nearly back to pre-Covid levels, supply-chain problems are not unwinding as quickly as hoped creating unprecedented sho …
March 2022 - Nowhere to Hide
March 29, 2022
Year to date financial market performance reminds us of one of our favorite songs Nowhere to Run by Martha Reeves & The Vandellas. As the chart below illustrates, unless you were short the market (or long commodities), you are down.
February 2022 - 2022 Outlook
March 02, 2022
In last month’s newsletter we stated that, “Roosevelt Capital Management (RCM) expects to continue to meaningfully outperform the overall bond market and our benchmark.” We also promised to provide our own perspective for 2022. While we will take each issue in turn, let’s first set th …
January 2022 - 2021 Performance Review
January 01, 2022
What a year it has been. 2021 was marked by additional waves of the pandemic, massive fiscal stimulus, supply chain shortages, tighter labor markets, significant inflation, accelerating innovation, political gridlock, tremendous wealth creation (albeit un even), a more hawkish Fed, an …
December 2021 - Principles & Philosophy
December 01, 2021
Our goal at Roosevelt Capital Management (RCM) is simple - yield with optionality. Said a little more expansively, our objective is for our clients to achieve a meaningful return coupled with the piece-of-mind provided by thoughtful risk management, a well-defined time horizon and the …
November 2021 - The Benefits of SMAs
November 01, 2021
An investment in a real-estate timeshare and the purchase of a mutual fund or ETF have more in common than it may at first appear. The primary incentive, in both arrangements, is the opportunity to gain the most important benefits of full ownership of an asset via a fractional arrange …
October 2021 - Q3 2021 Update
October 01, 2021
The purpose of this month’s letter is to provide an overview of Roosevelt Capital Management’s (“RCM”) Q3 performance. In addition, we also hope to provide some context on why we believe the popular opinion that “bonds are a bad investment right now” can coexist alongside our ongoing …