Fiscal Stimulus

Show Me the Money!

May 31, 2017

We’ve been worried about earnings quality for quite a while now.  We’ve said that corporate management teams have been using many levers to drive profits higher, [...]

Great Expectations

March 29, 2017

The market response to last week’s Federal Reserve meeting and press conference was somewhat perplexing.  The interest-rate hike itself wasn’t a surprise – [...]