S&P 500
5,911.69
-0.0%
-$0.48
DJI
42,270.07
+0.1%
+$54.34
NASDAQ
19,113.77
-0.3%
-$62.11
Bitcoin
104,388.00
+0.6%
+600.40
AAPL
$201.47
+0.8%
+$1.52
AMZN
$205.07
-0.3%
-$0.63
GOOG
$173.06
+0.1%
+$0.10
META
$648.23
+0.5%
+$3.18
MSFT
$460.71
+0.4%
+$2.03
NVDA
$135.22
-2.9%
-$3.97
TSLA
$346.82
-3.2%
-$11.61
Alex Dumortier, CFA
TMFAleph1
Alex Dumortier covers daily market activity from a contrarian, value-oriented perspective.
Recent Articles by Alex Dumortier, CFA

Jan 3, 2017
by Alex Dumortier, CFA
Warren Buffett Outran His Billionaire Peers in 2016 -- 2 Business Principles Put Him in the Running
Warren Buffett's net worth increased by $11 billion in 2016 -- a performance that surpassed all his billionaire peers. To explain that performance, other numbers illustrate two of Berkshire Hathaway's "Owner-Related Business Principles."

Jan 3, 2017
by Alex Dumortier, CFA
What Does 2017 Hold for the S&P 500? Here's Why That's the Wrong Question
Stock market strategists are forming a tight herd when it comes to forecasting the S&P 500's prospects in 2017, demonstrating the absurdity of this game. Investors should be paying more attention to something that matters: forecasts of mediocre long-term returns.

Dec 30, 2016
by Alex Dumortier, CFA
With "Trump Reflation," Mortgage Rates End 2016 Near Five-Year Highs
After falling to historical lows in July, 30-year and 15-year mortgage rates shot up to finish 2016 near their five-year highs. Between the "Trump reflation" and the Federal Reserve's expectation for three rate hikes in 2017, the rate cycle may have finally turned.

Dec 23, 2016
by Alex Dumortier, CFA
Despite Mortgage Rates Near 3-Year Highs, November Home Purchases Prove Demand Is Healthy
At an annualized rate of 592,000, sales of new single-family homes in November were at their highest rate since February 2008, suggesting rising mortgage rates aren't deterring potential homebuyers.

Dec 22, 2016
by Alex Dumortier, CFA
Eight Consecutive Weekly Increases Push Mortgage Rates to Levels From Early 2014
Freddie Mac's Primary Mortgage Market Survey shows the 30-year mortgage rate is higher than at any point since April 2014, with the 15-year mortgage rate at its highest since January 2014.
Jan 28, 2020
by Alex Dumortier, CFA
Fairfax Financial Picks Up Allied World Assurance in Christmas Bargain Hunt
With the $4.9 billion acquisition of Allied World Assurance, Prem Watsa aims to complete Fairfax Financial Holdings' largest-ever deal. But for this value investor, price is more important than size.

Dec 19, 2016
by Alex Dumortier, CFA
Mortgage Rates Little Changed; European Banks Ready to Bury the Mortgage-Crisis Ghost
The main fixed-rate mortgages were little changed on Monday; meanwhile, Deutsche Bank and Credit Suisse are reportedly making headway in reaching a settlement with the Justice Department regarding their activities in the run-up to the mortgage crisis.
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