Market Commentary

The Dollar’s Drop

August 3, 2017

Immediately following the US Presidential election last year, the dollar soared to levels not seen since 2002 on the promise of “pro-growth” economic policies. [...]

The Next Leg Up

July 26, 2017

A couple weeks ago a reporter asked me about my views regarding the upcoming 2Q earnings season.  He wanted to know if corporate America, in the aggregate, will surprise to [...]

The Next Correction

July 5, 2017

Over the last few months we have seen a fairly dramatic decoupling between oil prices and stock prices.  The chart below shows that prior to this year, there had been a [...]

What Deleveraging?

June 20, 2017

Over the past few years you’ve probably heard an economist or two talk about “deleveraging.”  Deleveraging simply means debt reduction, and you’ve [...]

Confident?

May 31, 2017

Do you remember that TV game show “Who Wants to be a Millionaire?”  You know, the one that gave contestants a chance to win big money for answering a series of [...]