Market Insights

Making the economy, markets, and personal finance less complicated

  • 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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  • 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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  • 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…

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  • Stock Market

    Turning a Corner?

    Sep 11, 2020

    From time to time in these Market Commentaries we've discussed the fact that earnings estimates for the S&P 500 were on a consistent downtrend well before …

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  • Stock Market

    Vees, Checks, and Convergences

    Jul 16, 2020

    For the markets as a whole, the summer has been pretty good. In the last three weeks, the S&P 500, Dow, and NASDAQ indices have all seen gains of over 7%, …

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  • EconomicsStock Market

    Closing The Gap

    Jun 19, 2020

    It appears that the S&P 500 has settled into a trading range after making a run at its all-time high earlier this month.  The index currently sits about 8%…

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  • Stock Market

    Are You a Bull or a Bear

    May 7, 2020

    There are two prevalent views on Wall Street and Main Street: Bulls, who view the huge amount of liquidity from government stimulus checks, loans and spending,…

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