Market Insights

Making the economy, markets, and personal finance less complicated

  • 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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  • Monetary Policy

    Average Inflation Targeting

    Sep 2, 2020

    The Fed is making a change. The central bank announced last week that it will shift to "average inflation targeting" instead of using a hard inflation target o…

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  • Investment Strategy

    Asset Bubble Inflation 101

    Aug 27, 2020

    In my August 13th Market Commentary, I discussed the conditions that would be required to finally see a rotation out of the mega-cap technology stocks.  This i…

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  • Economics

    Checking in on the Housing Market

    Aug 19, 2020

    This morning we received some data that support the narrative of a rapidly recovering housing market. Housing starts and building permits surged 22.6% and 18.8…

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  • Fiscal Policy

    CNBC Op-ed: The Next Stimulus Should be Spent on Job Training and Rebuilding a Better American Economy

    Aug 16, 2020

    Government spending from the Treasury Department and Congress along with stimulative bond purchases from the Federal Reserve are at unprecedented levels.Defici…

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  • Investment Strategy

    But Will It Continue?

    Aug 13, 2020

    I know I sound like a broken record, but it appears that, once again, a market rotation could be underway.  The S&P 500 Information Technology sector reach…

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  • Economics

    The Sagging Dollar

    Aug 7, 2020

    I've received a few questions about the recent drop in the dollar.  Currencies can be a complicated subject, but I'll try to make the topic a little easier in …

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  • Economics

    Just How Bad Is It?

    Jul 31, 2020

    We finally received the first estimate of second-quarter GDP this week, along with a bunch of other data.  Though the figure wasn't quite as bad as the consens…

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  • Economics

    Cognitive Dissonance

    Jul 24, 2020

    The S&P 500 continues to grind higher, and it is now just 3.5% away from the all-time high posted in February. As is usually the case with bull markets, go…

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