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Perspectives

Trying to explain a week we would like to forget in the markets

by Fortem Financial March 2, 2020

The equity markets tumbled last week on coronavirus fears; despite a late-Friday rally, all of the major indices fell more than 10% last week into correction territory. The worst performer, the Dow Jones Industrial Average, lost a record 3,500+ points (-12.36%), followed by the Russell 2000® Index (-12.04%), the S&P 500® Index (-11.49%) and the Nasdaq (-10.54%). The S&P 500® posted its worst weekly performance since the financial crisis. The decline from the Index’s record high on F… View More

The benefit of balanced portfolios

by Fortem Financial February 28, 2020

We wanted to share with you some background on why we invest in balanced portfolios. During periods like February 19 through February 28, 2020, when the stock market comes under pressure, bonds tend to perform quite well. Over this period, the S&P 500 was down 12.4%, the Nasdaq was down 13.2%, and the Dow Jones was down 13.3%. The Barclays Aggregate Bond Index however was up 1.6% during this period. Because of this inversely correlated relationship between stocks and fixed income, fixed inco… View More

Coronavirus Fears Suspend Thoughtful Investing

by Fortem Financial February 27, 2020

We want to share a short note on our thoughts. With the coronavirus now above the fold of every national newspaper, the complacency that’s dominated markets over recent months is finally being challenged. This is also evident in the sharp ETF outflows – over the last 3 days, some $16bn has been pulled from the SPY and nearly $3bn from the HYG (both records). As we wrote yesterday, a decent chunk of the market is sufficiently oversold, but it takes more time to chip away at sentiment. With s… View More

Time to Fear the Coronavirus?

by Fortem Financial February 25, 2020

Monday, fear over the Coronavirus finally gripped investors, as both the Dow Jones Industrial Average and the S&P 500 index fell over 3% - the largest daily declines in two years. These drops wiped out all the gains for the year. Frankly, it’s amazing to us that the market had been so resilient! Maybe it’s because recent history with stocks and viruses is that markets overreact leading to significant buying opportunities along the way. Over a 38-day trading period during the height of t… View More

A Few Comments on the Coronavirus

by Fortem Financial February 25, 2020

Coronavirus-related economic fears continue to dominate markets, but we believe effects will be short term and limited. Once investors begin to look past near-term risks, we think areas of the global financial market that have benefited on a relative basis (growth styles, defensive areas and bond market proxies) could take a hit. On balance, we think the equity bull market should continue, but we are concerned that valuations look stretched in some areas. Investor attention remains dominated b… View More

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Our policy about obtaining and disclosing non-public personal information may change from time to time. We will provide you notice of any material change to this policy before we implement the change.

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Fortem Financial Group, LLC ("Fortem Financial" or the "Firm") is a federally registered investment adviser with offices in California and Arizona. Fortem Financial and its representatives are in compliance with the current registration and notice filing requirements imposed upon federally registered investment advisers by those states in which Fortem Financial maintains clients. Fortem Financial may only transact business in those states in which it is notice filed, or qualifies for an exemption or exclusion from notice filing requirements.

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