Market Insights

Making the economy, markets, and personal finance less complicated

  • Monetary Policy

    “King Dollar” Is Losing Its Luster

    Dec 18, 2020

    Following several years of relative strength, the US dollar has weakened rather precipitously since the early stages of the coronavirus outbreak. While many e…

    Read More
  • Economics

    Tracking Prices

    Dec 10, 2020

    Ever wonder what a massive economic shock does to price levels? The answer is not always clear. Depending on the nature of the crisis, there can be a wide vari…

    Read More
  • Stock Market

    Relief For Banks

    Dec 3, 2020

    Long-term interest rates are rising. The current yield on the 10-year Treasury note is 0.96%, which is its highest level since mid-March. Short-term interest r…

    Read More
  • Investment StrategyStock Market

    Leadership Change, In More Ways Than One

    Nov 25, 2020

    In last week’s Market Commentary, I talked about the fact that the market value of the S&P 500, at about 21.7x the consensus earnings estimate for 2021, ha…

    Read More
  • Stock Market

    How Expensive Is the Market?

    Nov 19, 2020

    The stock market has blasted into record territory following encouraging news about COVID-19 vaccine candidates. At its current level of 3,613, the S&P 500…

    Read More
  • EconomicsInvestment Strategy

    Hit ‘Em Where They Ain’t

    Nov 12, 2020

    Generally speaking, the developments over the past couple of weeks have been received positively by investors…VERY positively. As I write, the S&P 500 is u…

    Read More
  • Economics

    What Are the Markets Telling Us?

    Nov 4, 2020

    Anyone who stayed up past about 11:00 last night watching the election returns knows that the polls pretty much got it wrong . . . again. The much-vaunted “bl…

    Read More
  • Investment Strategy

    The New Market Bubble

    Oct 31, 2020

    Market bubbles are always a surprise and always expected. They build in plain view, and ignoring them requires greater and greater effort as they inflate. Onlo…

    Read More
  • Economics

    Tallying It Up

    Oct 22, 2020

    The word “trillion” is thrown around quite casually these days in Washington.  Hearing members of Congress go back and forth using such massive denominations i…

    Read More