Market Commentary

Shell Games

July 12, 2018

Much has been made about the deleveraging of the US consumer since the Great Recession. Most economists agree that consumers are now in much better financial condition thanks [...]

Market Dislocations

June 7, 2018

Tuesday was a very interesting day for the bond markets. Political upheaval within two key European countries, Italy and Spain, caused a dramatic sell-off in sovereign debt [...]

Peak Optimism?

June 7, 2018

With 467 of the 500 companies in the S&P 500 already reporting first-quarter results, we can now get a good picture of corporate performance for the period. According to [...]

Drumroll Please …

May 10, 2018

Anxiety is rising on Wall Street. The incoming data are beginning to paint a clearer picture. Inflation is on the rise, and the implications of rising inflation for an [...]

Red Flags?

April 23, 2018

In previous Market Commentaries, we discussed how the threat of rising interest rates was responsible for the first stock-market swoon in February of this year. We suggested [...]