Editor’s Note – Portions of the following were taken from a Technically Speaking interview he did for us in the April 2019 issue. Read the full text in the newsletter archive. Dick Dickson passed away suddenly on June 1. After a career spanning nearly four decades as a technical analyst and strategist, he was only a few weeks into his partial retirement. However, even on his days off he was still the overriding presence at Lowry Research, often sending in his thoughts via email. When the other analysts were having disagreements on the interpretation of market conditions, it was not unusual to end with “What would Dick do?” After serving in the U.S. Air Force and a few years in graduate school, he started working as a broker in 1979 with Thomson McKinnon Securities in Richmond, Va. During his first year, he decided to begin working toward the CFA designation.  Using the

The CMT Association has been putting into place the infrastructure and policies to conduct our “new normal” Chapter Meetings. We will have virtual meetings until at least August, depending on the re-opening plans for the world.  Everyone’s safety is very important to us.  Working with our chapter chairs, we are monitoring government mandates regarding group meeting limits. New information regarding Chapter Meetings: We will be using the GoToWebinar platform to hold the meetings Meetings will begin in June The following future Chapter Meetings have been scheduled: June 16th – Minnesota Chapter Meeting w/ Rob Sluymer, CFA June 23rd – Richmond Chapter Meeting June 24th – No. Ohio Meeting w/ Katie Stockton, CMT July 14th – Hong Kong & Singapore Joint Chapter Meeting July 21st – Minnesota Chapter Meeting w/ Sam Stovall, CFP Process of Chapter Meetings on the administration side: Registration will be the same as with live face-to-face meetings Registration will close two hours before each event An email will be sent one hour in advance of meetings with call-in/link

The Twin Cities Chapter was pleased to host Doug Ramsey, CFA CMT, as our guest speaker for our May 19th meeting.  Doug is the Chief Investment Officer of the Leuthold Group.  For some context, the S&P 500 was near 2900 on May 19th. Doug highlighted the unique nature of this decline, which was caused by a “sudden stop” of economic activity due to pandemic shutdowns.  The sharp recovery reflects the view that business activity will recover as businesses continue to reopen throughout May and June.  Prior to the downturn, the yield curve, credit spreads, and other leading economic indicators had been warning of a cyclical decline. During the decline, equity valuations remained higher on March 23rd than the highest historical bear market lows.  Doug was troubled by the idea that a bear market bottom could be formed at such a high valuation level within the first month of a decline.  However, all

Members on the Move The CMT Association would like to congratulate the following members on their new positions: Michael A. Gayed, Portfolio Manager at Toroso Asset Management Ehtesham Khan, CMT, Founder RoboCaprahul Mudliar, Algo Strategy Quant at Tradetron While working from home due, please take a few minutes to update your information at the CMT Association website. CMT Standard registration is open for the December 2020 test administration until August 31, 2020. If you need assistance registering for a CMT exam, please email admin@cmtassociation.org; in the email include your first and last name, and the exam for which you are registering. Online remote proctoring for all levels of the CMT exams is now available, for more information about remote proctoring, please click on the following link:  https://cmtassociation.org/chartered-market-technician/cmt-exams-remote-proctoring/. Should you need assistance with scheduling/rescheduling your exam, please email your questions to admin@cmtassociation.org.  Please include your first and last name and the exam you want to schedule in the email. If you