The Flinchum File

Thoughtful Economic Analysis and Existential Opinions
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Welcome to The Flinchum File

I am an Accredited Investment Fiduciary at Bay Capital Advisors, an investment firm headquartered in Virginia Beach, VA. After retiring from Truist Bank, I started this firm to work more closely with a smaller number of clients, and it has been great! Our client load is about 25% of the national average.

Writing is not for the shy or the meek. It exposes a person’s mind and character. I hope you enjoy the view.

Christmas Hangover?


Retail sales for January were released this morning but were disappointing, staying flat with December’s growth rate of 0.3%. Since consumption spending is 65-70% of GDP, it matters . . . a lot! The mystery to me is why anybody expected the higher growth rate of 0.5%? Despite last week’s rise in consumer confidence, the … Continue reading Christmas Hangover?

InsideETF Conference


I’ve just returned from the annual conference on Exchange Traded Funds in Florida, often called ETFs. They have several advantages over mutual funds. For example, they can be bought or sold anytime during the day, not just at the close like mutual funds. Since their investment objective is to match some index, like the S&P … Continue reading InsideETF Conference

The January Effect


Well, it is official . . . the markets in January were mostly positive. According to the old Wall Street axiom, “so goes January, so goes the year.” For the month, the Dow was up 2.7% and the broader-based S&P was up 2.2%. Both are very healthy gains for only a month! While there is … Continue reading The January Effect

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