FMD Capital Management

Growth Investing

Have We Grown Too Complacent?

Written by David Fabian, July 28th, 2014

The risk of complacency is one that you can never really quantify. Often times doing nothing is the hardest thing to do, but can be the most fruitful if you investing in a profitable trend or looking for a particular setup to give you an edge. Other times, complacency is like a drug that lulls you to sleep only to wake up and find out that the reality you had become accustomed to is no longer at hand. Read more

This Year’s Hottest Health Care ETFs

Written by David Fabian, July 23rd, 2014

As a sector, health care has a lot to offer in terms of fundamental and technical data that supports ongoing innovation and profitability. The aging baby boomer population combined with an increased focus on affordable health insurance is continuing to promote a focus on new drugs and medical devices aimed to increase quality of life. Read more

Don’t Sweat The Small Caps

Written by David Fabian, July 23rd, 2014

One of the more persistent themes since stocks took off in April has been the underperformance of small cap stocks. Specifically market experts have been overly fixated on the iShares Russell 2000 ETF (IWM) when compared to large cap indexes such as the SPDR S&P 500 ETF (SPY) or PowerShares QQQ (QQQ). Read more

Commodity ETFs Signal Meaningful Divergence

Written by David Fabian, July 22nd, 2014

In investing, the term commodity spans a great deal of assets and sectors. Precious metals, industrial metals, agriculture, livestock, and energy are just some of the varied classes that fall into this diverse arena. In an ideal world of inflationary and deflationary pressures, all of these sectors would move in a similar direction according to cyclical forces.

However, the reality is that significant divergences can appear based on a host of factors for each sub-grouping. Individual influences can include: supply and demand, governmental policy, geopolitical events, weather patterns, and other subtle nuances that affect each commodity differently.

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Managing Risk Through Unforeseen Events

Written by David Fabian, July 22nd, 2014

The theory of “black swan events” was originally developed by Nassim Taleb to profile unexpected occurrences or rare events that few were able to predict or prepare for.  The recent tragedy of the plane crash along the Ukraine-Russian border that led to a swift global sell off is one such occurrence that caught nearly everyone off guard. And events like these add another element to managing risk.

From a regional perspective, many stocks in Russia and other Eastern European nations fell more than 7% in a single day on this news.  Despite the quick rebound in equities on the subsequent day of trading, there were still many areas that experienced a significant jolt and will feel the effects for some time.

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