Market Commentary

The Lay of the Land

August 30, 2018

Consumer spending picked up meaningfully in recent weeks as evidenced by the most recent Retail Sales report for July (+6.4% compared to July, 2017) as well as positive [...]

The Rainy Day Fund

August 15, 2018

Every five years the Bureau of Economic Analysis (BEA) publishes revised economic data that is derived through improved survey methodologies. Sometimes the new and improved [...]

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 [...]