Market Insights

Making the economy, markets, and personal finance less complicated

  • Investment Strategy

    Banks Still Waiting for Liftoff

    Apr 21, 2021

    The banks have been reporting first-quarter earnings over the past week, and the results have been lackluster. But I’ll start with the good news. Credit is tre…

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  • Investment Strategy

    Curb Your Enthusiasm? What I Didn’t Say on Halftime Report

    Apr 15, 2021

    Our great host Scott Wapner reported that a number of the big banks were issuing cautionary warnings on the stock market. Bank of America authored “Curb Your …

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  • Stock Market

    Entering Earnings Season

    Apr 14, 2021

    As we get into the heart of the earnings season, we thought we’d take a final look at earnings estimates. The chart below shows that S&P 500 estimates have…

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  • Economics

    Why So Pessimistic?

    Apr 9, 2021

    Last Friday we learned that the economy added 916,000 jobs in the month of March – the most since August of last year. We also learned that unemployment fell t…

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  • Stock Market

    The Archegos Debacle

    Apr 5, 2021

    Over the past week or so there has been some unusual volatility in a handful of stocks, both US and Chinese. Media reports have attributed the volatility to fo…

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  • Economics

    More on Inflation

    Apr 1, 2021

    We hear all kinds of opinions on the inflation outlook. Some economists believe factors like globalization, technological advancements, and demographics will k…

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  • Economics

    Does the Fed Have Ulterior Motives?

    Mar 25, 2021

    The Fed has two Congressional mandates that are supposed to guide its monetary policy: 1) maximum employment, and 2) price stability. With regard to the employ…

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  • Fiscal PolicyMonetary Policy

    The Fed Is Keeping the Punch Bowl Full

    Mar 19, 2021

    I appeared on CNBC’s Power Lunch this Friday with Ron Insana, and Ron’s comments got me thinking. (As Ron tends to do – Ron’s insights are almost always useful…

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  • Investment Strategy

    After the Half: What I Didn’t Say on Halftime Report

    Mar 16, 2021

    Today on Halftime Report, the panel got into a heated discussion about the possibility of a correction. Scott Wapner asked me and I said I believe the market i…

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