Market Insights

Making the economy, markets, and personal finance less complicated

  • Economics

    Does the Debt Matter?

    Feb 18, 2021

    The non-partisan Congressional Budget Office (CBO) released its updated federal budget projections last week, and the figures were not far off from the CBO's p…

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  • Stock Market

    Tracking Earnings

    Feb 11, 2021

    If you're wondering why stock prices keep going up, the most likely explanations are: 1) the Fed has promised to keep interest rates low indefinitely, and 2) t…

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  • Investment StrategyStock Market

    What’s Going On With GameStop?

    Feb 4, 2021

    In this week's Market Commentary, I thought I would take a stab at explaining the dramatic volatility in GameStop last week. The topic can get pretty complicat…

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  • Investment Strategy

    Playing It Down the Middle

    Jan 28, 2021

    There is an epic debate raging in the investment community, and whichever side prevails will have a massive edge over the losing side. This topic is front and …

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  • Investment Strategy

    Investing in Municipal Bonds

    Jan 21, 2021

    Investing in municipal bonds can be a complicated process. Unlike the more plain-vanilla structure of US Treasury bonds, municipal bonds can have a wide range…

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  • 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 ec…

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  • 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…

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  • 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…

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  • 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…

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