News & Events | MV Financial
 
  • Retirement Plan Insights
  • Annual Outlook
  • Arian Vojdani’s Millennial Wealth Blog
  • Market Commentary
  • MV Financial Research Insights
  • News & Events
  • Quarterly Newsletter
  • Weekly Market Flash
February 11, 2021 MVF Special Update: 02/11/21
December 14, 2020 Arian Vojdani on Bloomberg Radio
December 4, 2020 Arian Vojdani on Reuters TV
November 24, 2020 MVF Special Update: 11/24/20
October 14, 2020 Arian Vojdani on Bloomberg Radio
October 9, 2020 Arian Vojdani on Yahoo! Finance
September 21, 2020 Arian Vojdani on Yahoo! Finance
August 25, 2020 MVF Special Update: 08/25/2020
July 24, 2020 Arian Vojdani on Yahoo!Finance
July 7, 2020 MVF Special Update: 07/07/2020
July 1, 2020 Arian Vojdani on Yahoo!Finance
June 15, 2020 Arian Vojdani featured on Bloomberg Radio
May 12, 2020 MVF Special Update: 5/12/2020
March 24, 2020 Arian Vojdani on Yahoo!Finance First Trade
March 2, 2020 Arian Vojdani featured on Yahoo! Finance
January 16, 2020 Arian Vojdani featured on Yahoo! Finance
December 17, 2019 Arian Vojdani on Yahoo! Finance
December 16, 2019 Masood’s Latest US News & World Report ‘The Smarter Investor’ Piece
November 7, 2019 Webinar for Small DC Employers: How to Get the Most from DC Health Link (Recording)
October 22, 2019 Arian Vojdani Featured on Bloomberg Radio Segment
October 22, 2019 Webinar for Small DC Employers: How to Get the Most from DC Health Link (Invite)
October 21, 2019 Arian Vojdani Quoted in CNBC.com Article
September 30, 2019 Arian Vojdani on Cheddar TV
September 30, 2019 Arian Vojdani on Yahoo! Finance
September 9, 2019 Masood’s Newest ‘The Smarter Investor’ Piece
August 19, 2019 Arian Vojdani featured on BNN Bloomberg
June 21, 2019 Masood’s Latest US News & World Report “Smarter Investor” Article
June 20, 2019 Arian Vojdani quoted in Yahoo! Finance piece
June 14, 2019 Arian Vojdani featured on Yahoo Finance
May 20, 2019 Chris Schaefer quoted in CNBC.com 401(k) Focused Article
May 10, 2019 Arian Vojdani quoted in CNBC.com Markets Piece
April 9, 2019 Arian Vojdani quoted in US News & World Report Article
March 29, 2019 Arian Vojdani quoted in CNBC.com Markets Piece
January 25, 2019 Arian Vojdani Quoted in Reuters Market Piece
October 31, 2018 Chris Schaefer Quoted in Investopedia Retirement Piece
October 23, 2018 Chris Schaefer featured in NBCNews.com Article
September 28, 2018 Arian Vojdani quoted in US News & World Report Article Focusing on Millennial Investing
September 19, 2018 Arian Vojdani Featured in NBCNews.com Article Focusing on Millenial Finance
September 6, 2018 Masood Vojdani’s Newest Contribution to US News & World Report’s ‘The Smarter Investor’
August 22, 2018 Arian Vojdani Featured in Fox Business Article Focusing on Tips on How to Start Investing
August 15, 2018 Chris Schaefer’s Op-Ed Piece Featured on BenefitsPro
August 9, 2018 Arian Vojdani on CNBC’s The Rundown
July 10, 2018 Arian Vojdani quoted in article focused money lessons from the Y-Gen
June 29, 2018 Arian Vojdani quoted in CNBC.com Markets Piece
June 12, 2018 Masood’s June Contribution to US News & World Report
May 30, 2018 Arian Vojdani quoted in Investopedia article discussing the Fiduciary Rule
May 25, 2018 Arian Vojdani quoted in Reuters Markets Article
May 10, 2018 Retirement Plan Workshop for Nonprofit Plan Sponsors: May 31st, 2018
May 8, 2018 Masood’s Latest Smarter Investor Contribution
April 19, 2018 Arian Vojdani quoted in the Wall Street Journal
March 19, 2018 Masood’s Latest Smarter Investor Contribution
March 5, 2018 Arian Vojdani quoted in Reuters
January 31, 2018 Chris Schaefer Quoted in NBCNews.com Article
January 30, 2018 Masood’s Latest Smarter Investor Contribution
January 3, 2018 Katrina Lamb Quoted in the Wall Street Journal
January 2, 2018 Arian Vojdani Quoted in the New York Post
December 29, 2017 Arian Vojdani on Fox Business News
December 29, 2017 Arian Vojdani featured in Reuters Article
December 6, 2017 Masood’s December Contribution to US News & World Report
November 7, 2017 Chris Schaefer quoted on CNBC.com
October 31, 2017 Masood’s Latest Entry to US News & World Report’s ‘The Smarter Investor’
October 31, 2017 Chris Schaefer Quoted on TheStreet.com
October 24, 2017 Arian Vojdani on Fox Business News
September 15, 2017 Katrina Lamb Quoted in MarketWatch Article
September 11, 2017 Masood’s Newest Entry to US News & World Report’s ‘The Smarter Investor’
September 5, 2017 Arian Vojdani Quoted in US News & World Report Article
August 31, 2017 Arian Vojdani Quoted in MarketWatch Article
August 17, 2017 Chris Schaefer quoted in TheStreet.com Articles
August 10, 2017 Katrina Lamb Quoted in Reuters Article
July 21, 2017 Katrina Lamb Quoted in US News & World Report
July 14, 2017 Masood’s Latest US News & World Report Contribution
July 5, 2017 Katrina Lamb Quoted in Wall Street Journal Markets Piece
May 18, 2017 Arian Vojdani quoted on CNBC.com
May 10, 2017 Masood’s Newest US News & World Report Contribution
April 13, 2017 Chris Schaefer featured in CNBC.com Retirement Article
April 6, 2017 Arian Vojdani quoted on CNBC.com
March 31, 2017 Masood’s March Contribution to US News & World Report’s “The Smarter Investor” Blog
March 15, 2017 Chris Schaefer quoted in US News & World Report
March 15, 2017 Katrina Lamb quoted in Bankrate Article
March 15, 2017 Masood’s Latest US News & World Report Contribution
February 7, 2017 Arian Vojdani featured in US News & World Report article
February 3, 2017 Arian Vojdani quoted in Reuters
February 1, 2017 Arian Vojdani on CNBC World’s “The RunDown”
January 31, 2017 Masood’s Latest US News & World Report Contribution
January 3, 2017 Arian Vojdani quoted in International Business Times Article
December 30, 2016 Katrina Lamb featured in US News & World Report Focusing on 2017 Outlook
December 28, 2016 Masood’s Newest US News & World Report Contribution
December 5, 2016 Masood’s Latest US News & World Report Contribution
October 31, 2016 Masood’s Newest US News & World Report Contribution
October 17, 2016 Arian Vojdani quoted on CNBC.com
September 29, 2016 Arian Vojdani on CNBC World Street Signs
September 27, 2016 Chris Schaefer Appointed to Lead Growing Retirement Practice at MVF
September 7, 2016 Masood featured in a Wall Street Journal Article Focusing on Yield
September 7, 2016 Masood featured in a Wall Street Journal Article
September 1, 2016 Arian Vojdani quoted in US News & World Report Article
August 29, 2016 Masood’s August ‘The Smarter Investor’ Contribution
August 10, 2016 Arian Vojdani Quoted in CNBC.com Markets Piece
August 10, 2016 Katrina Lamb Quoted in The Wall Street Journal
August 9, 2016 Katrina Lamb Quoted in MarketWatch Article Discussing Oil
July 28, 2016 Masood’s July Entry for US News & World Report’s ‘The Smarter Investor’
July 6, 2016 Katrina Lamb featured on NPR’s ‘Marketplace’
June 21, 2016 Masood’s Newest ‘Smarter Investor’ Contribution
June 2, 2016 Arian Vojdani featured on Bloomberg’s The Advantage
June 2, 2016 Masood’s Newest ‘The Smarter Investor’ Contribution
May 20, 2016 Arian Vojdani Quoted on CNN Money
April 27, 2016 Masood Vojdani’s Latest US News & World Report “The Smarter Investor” Post
April 15, 2016 Masood Quoted on MainStreet
April 15, 2016 Katrina Quoted in Kiplinger
March 24, 2016 Masood’s Newest US News & World Report post
March 17, 2016 Katrina Quoted in MarketWatch
February 11, 2016 Katrina Lamb quoted in Reuters
February 9, 2016 Why Investors Should Be Sleeping Easy “Smarter Investor” Blog Post by Masood
December 18, 2015 3 Key Considerations for Year End Financial Planning Article by Masood
December 7, 2015 Katrina Lamb – MarketWatch
November 30, 2015 Katrina Lamb – MarketWatch
November 25, 2015 Masood Featured In Private Asset Management Magazine
November 18, 2015 Masood Vojdani – The Street
November 13, 2015 Katrina Lamb – Bloomberg
November 13, 2015 Masood Speaks on CNBC
October 19, 2015 Read Masood’s Newest Blog Post on US News & World Report
September 24, 2015 Masood Vojdani featured on CNBC’s ‘The Rundown’
September 15, 2015 Masood Vojdani Now a Contributor to US News “The Smarter Investor”
September 3, 2015 Masood Vojdani featured on CNBC’s ‘The Rundown’
July 6, 2015 Masood Vojdani featured on CNBC World
June 8, 2015 Masood Vojdani featured on CNBC
May 18, 2015 Masood Vojdani featured in MainStreet
February 23, 2015 Masood Vojdani featured on CNBC.com
January 20, 2015 Katrina Lamb Quoted in the Wall Street Journal
December 29, 2014 Katrina Lamb Quoted in Bloomberg
December 15, 2014 Katrina Lamb quoted in Barron’s
December 8, 2014 Katrina Lamb quoted in the Wall Street Journal
November 12, 2014 Masood Vojdani featured in MainStreet
November 10, 2014 Katrina Lamb quoted in the Wall Street Journal
October 23, 2014 Masood Vojdani featured in the Wall Street Journal
June 5, 2014 MVF Research on Seeking Alpha: Return To The Valley of Low Vol
March 7, 2014 Masood Vojdani on “How to make $1 million last”
January 7, 2014 MV Financial Launches New Website
mv-financial
February 11, 2021 | Market Commentary Market Commentary, News & Events | Katrina Lamb, CFA & Masood Vojdani

MVF Special Update: 02/11/21

Observers of the financial markets with long memories will no doubt remember the words of former Federal Reserve Chairman Alan Greenspan, who in a 1996 speech asked, “But how do we know when irrational exuberance has unduly escalated asset values?”

It has now been nearly 25 years since the term “irrational exuberance” permanently entered our financial vocabulary. But recent developments – such as the wild trading in GameStop Corp., the buying binge in silver, or the proliferation of “blank check” special purpose acquisition companies (SPACs) – bring the phrase to mind with new relevance.

However, if we look past these recent aberrations, we may find evidence to justify at least some sense of “rationalexuberance for financial market prospects in 2021. Certainly there are several reasons for optimism:

  • Vaccinations against Covid-19 are now available, and while the roll-out has certainly been less than perfect, this bodes well for the U.S. economy to resume a more normal trajectory later this year.
  • In the meantime, there seems to be recognition among political leaders of both parties that more relief and stimulus are needed in the near-term, even if the magnitude of the aid package is still up for debate.
  • The Fed remains committed to using all the monetary tools at its disposal, including “lower for longer” interest rates, to help keep the economy on the road to recovery.
  • There is also a real possibility that the U.S. government will finally commit to policies in support of meaningful infrastructure investment, as the Biden administration unveils its broader economic plans.

All that said, many things have to go right in order to maintain the current buoyant state of the financial markets, including (but not limited to) the items we noted above, as well as a lack of unpleasant surprises on the global political and economic front.

One of the “unpleasant surprises” could be a change in U.S. tax policy. The nation is facing enormous budget deficits, due in part to the costs associated with Covid-19 stimulus programs.  The cumulative deficit for fiscal 2020 exceeded $3.1 trillion and in December 2020 alone, the federal deficit was $144 billion – more than 10 times the level a year earlier. Some form of tax increase will undoubtedly be required to ease this fiscal burden, although it remains to be seen whether that will come in the form of a reversal of prior tax cuts, changes to the estate tax, or other measures. We continue to monitor this situation closely and will advise our clients to the extent that any changes in their own financial strategies are appropriate.

Overall, given that the U.S. economy was basically in a “slow and low” growth mode during the 2020 fourth quarter, it will not take much to keep this gentle momentum going. We have been rebalancing our clients’ portfolios in a measured way, modestly increasing the allocation to equities as fixed income investments remain largely unattractive in view of prevailing interest rates.

In summary, we at MV Financial are proceeding in a manner consistent with our well-established, long-term oriented philosophy, by continuing to manage our clients’ portfolios in a way that is intended to promote diversification and avoid over-exposure to risk. As you might imagine, we believe that speculating in highly volatile, “crowd mania-driven” assets in an effort to capture quick trading gains, is the very definition of “irrational exuberance” – and is the last thing any prudent investor should be doing.

As always, please feel free to reach out to us at any time to discuss your investment and financial questions. We wish you and your family abundant health, joy and success in 2021.