Category Archives: Uncategorized


In May of this year, our former CEO and Chief Investment Strategist, Jack Rivkin, posted a prophetic blog post entitled, “Beginning the Look Back at What We Expected for 2016 (and Beyond).” As many of you know, Jack will never finish his 2016 review. He passed away from pancreatic cancer this past Election Day, Tuesday, […]
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The Times They Are A-Changin’

As we approach the end of summer, here’s my perspective on economic issues worth watching. Employment The big new noise is the July employment report. Job growth surged, according to the Department of Labor. The US economy added 255,000 positions, according to the Department of Labor, far more than the 180,000 increase that economists had […]
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Macro, Markets, and Malarkey

Stocks and Bonds It feels like forever ago, but back in February, the S&P 500 hit its lowest level since 2014 as global growth fears spooked investors, leading to liquidations and deleveraging—most notably for sovereign wealth funds. Fast forward to now…as of the end of July 2016, the S&P 500 closed at 2,173.60—up 7.5% from […]
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REITs vs. Your Home

Many people don’t have an investment allocation to real estate investment trusts (“REITs”) because they believe they already have “enough” exposure to “real estate” through ownership of their home. REITs and your home are very different asset classes with very different characteristics. REITs invest primarily in commercial real estate, which is any non-residential property used […]
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New Job Numbers and the Fed

Buy the (P/NAV) Dip

Burl East is a very experienced participant in and student of the real estate industry. As CEO of American Asset Capital Advisers (AACA), he is the sub-adviser for the Altegris long/short real estate strategy, of which REITs are an important part. He has recently written a blog for the AACA website on REITs and how […]
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