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LHT Consultants

241 Kings Highway East , First Floor

Haddonfield, NJ 08033

kevinroche@lhtconsultants.com

609 • 314 • 0397

COMMENTARY

December 11, 2019

Take a simple idea and take it seriously.” ― Charles T. Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

We’ve spent a lot of time thinking about the ruminations of Charlie Munger lately.   It’s hard not to frankly, given where we are in the current cycle.  Despite the buoyancy and effervescence of the current markets and consideri...

November 8, 2019

In U.S. financial slang, a bagholder is a shareholder left holding shares of worthless stocks.  It can also refer to the holder of any financial instruments that become worthless, such as the junior bonds of a defaulted company or the coins of a failed cryptocurrency. The word is derived by combining shareholder with the expression "left holding the bag."

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October 5, 2019

Political scandals in Washington are a lot like cobbler:  a hot mess and irresistible!   Despite improved data points and recovery from the volatile markets witnessed in August, all focus turned to the events at pertaining to the formal impeachment inquiry launched by the US House of Representatives against President Trump.  Some of us have seen this movi...

September 6, 2019

August is a time when the days get shorter and the weather starts to get a little cooler.  It is also a time when football rankings begin to get published and talks of national championships or Super Bowl contenders occupies various sports shows.  And while people love to talk about how much a quarterback is getting in guaranteed money, or how much a runn...

August 5, 2019

July was a big month for a lot of socio-economic news:  Deutsche Bank laying off 20,000 workers; Iran took a United Kingdom oil tanker; the U.S. jobs report was weaker than expected.  And so the Fed came out with its “dovish language” and an action plan to cut rates.  However, even after the Fed cut rates for the first time in over a decade, investors cri...

August 1, 2019

Yesterday, the FOMC cut rates for the first time in almost 11 years, but the markets wanted more. Investors expected this cut to happen and the stock market responded favorably, continuing to move higher from June and into July.  However, post this historic cut in rates, Fed Chairman Powell alluded to no further cuts being needed for the foreseeable futur...

July 3, 2019

There is a very popular on Wall Street that has been around for over a century:  “Sell in May, go away.”  To many, this has been a tried and true measure; it is even been a lesson bestowed upon readers in the book Reminiscences of a Stock Operator.  While this adage made sense to traders at the time, their reasoning was entirely different from today’s cli...

May 13, 2019

Quick disclaimer here:  This is not meant to be a political piece. But one cannot help but discuss politics especially since we have viewed geopolitical risk as the single biggest threat to the market.  With that being said, the relationship between China and the United States has been one of dysfunction and discourse since the Treaty of Wangxia back in 1...

April 10, 2019

The 1980’s had the best music and the best alternative/rock hair styles.  I dare anyone to say otherwise.  One of my favorite groups during my “alternative” phase was “The Cure,” and they are the inspiration for this month’s title.  The song is a reflection of a relationship gone awry; and while you think this may be a stretch, read on.  It will make sens...

March 6, 2019

As many can guess, the inspiration of February’s update comes from “The Music Man” (What can I say, musical theater was big in my family!).  The market has experienced a significant recovery so far in 2019, rising up over 11% in the first two months. Investors have been experiencing greater confidence in the markets and this has expanded the multiples for...

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