Neil Rose, CFA, Author at Regency Capital

5 Things the Market Thinks Right Now

Articles | Jun 13, 2025 |

Neil Rose, CFA

Most money managers are guilty of only telling their side of the story—what they expect, where they see value. I know I am. But it’s always wise to know what the market itself thinks. The market is the collective wisdom (and sometimes foolishness) of the millions of self-interested buyers and sellers trading right now.

Articles

Jun 13, 2025

5 Things the Market Thinks Right Now

Articles

Jun 6, 2025

One Big Beautiful Bill Act: One Big Step Closer to Doom (Who Cares, Right?)

The national debt today is over $36 trillion, representing over 100% of GDP. The Congressional Budget Office (CBO) projects that the debt will exceed $52 trillion by 2035. And, if history repeats, actual numbers in 2035 will exceed estimates.

Articles

May 3, 2025

Bonds Have a Place Again, Part II

In my February 7, 2025 post, Bonds Have a Place Again, I reflected on interest rates some five years after the peak of the Bond Bubble—when interest rates reached a low never seen in human history—and two years after bond prices finally crashed in 2022. I had summarized our approach to fixed income going forward: […]

Articles

Apr 18, 2025

Investment Letter | April 2025

We have experienced a benign 2025 so far despite a correction in the stock market and higher volatility. Modest stock allocations and gains in insurance stocks (our single largest industry exposure), gold, and newer fixed income buys have buoyed account values.

Articles

Apr 5, 2025

It’s Bad, and It’s Going to Be All Right

As far as investments and what's going on today, I'm still sleeping just fine. I think you should, too. The roadmap laid out in previous letters has been followed. Stock levels are low, and what we have is outperforming overall.

Articles

Feb 7, 2025

Bonds Have a Place Again

In his 2011 book Debt: The First 500 Years, anthropologist David Graeber lays out the historical concept of debt, starting with the Sumer, the earliest known civilization, located in historical Mesopotamia around 3500 BCE.

Articles

Feb 4, 2025

Five Years After the Bond Bubble

Nearly five years ago, bond yields dropped to levels never seen in the thousands of years humans have been lending to one another. The shortest maturity fixed-income securities yielded virtually zero in the U.S. and less than zero in Europe and Japan.

Articles

Jan 22, 2025

Investment Letter | January 2025

2024 was another good year for stocks overall thanks to continued strength in just a handful of the largest technology and internet companies. The famed “Magnificent Seven” once again comprised the bulk of stocks’ overall returns.

Podcasts

Nov 1, 2024

Election Madness? Should We Worry?

Kawika Shoji and Neil Rose discuss the potential market reactions to a Trump or Harris win on election day.

Listen

Podcasts

Oct 30, 2024

Magnificent Earnings

Major Info Tech earnings announcements this week. Kawika Shoji gets some reactions and thoughts from Neil Rose on the tech sector now and going forward.

Listen

Articles

Oct 11, 2024

Investment Letter

Returns this year have been kinder than I would have expected given our rather conservative positioning. Stock allocations have been lower than usual, with little in information technology and internet-related stocks, two areas that have accounted for the lion’s share of the stock market’s returns in recent years.

Articles

Sep 20, 2024

Will the Fed Stick the Landing?

This week the Federal Reserve cut its short-term interest rate policy by half a percent to 4.75%-5.00%, marking an end to a two-year effort to recoup some of the excesses in Covid stimulus.