Commentary

Well I’m accustomed to a smooth ride Or maybe I’m a dog who’s lost it’sbite I don’t expect to be treated like a fool no more I don’t expect to sleep through the night Some people say a lie’s a lie’s a lie But I say why Why deny the obvious child? -Paul Simon, [...]

“For the robust, an error is information,” Nassim Nicholas Taleb The Vanguard Capital Markets Model® currently projects S&P 500 annualized returns of 5% over the next decade. This compares poorly with the historical 10% average annual return for the index. To make matters worse, expected volatility is still unchanged at 17%. While risk is [...]

“So I’ll meet you at the bottom, if there really is one They always told me “When you hit it, you’ll know it” But I’ve been falling so long, it’s like gravity’s gone And I’m just floating,” Drive by Truckers Interest rates fell steadily for decades. They were completely turned off between 2009 and [...]

What makes MKAM ETF distinct is the proprietary algorithm it employs to obtain, we believe, a better measure of risk and return than the average market participant. We subscribe to the general advice that you want to be invested in stocks most of the time. However, historically, about 15% of the time, the stock [...]