- Stock Market
Turning a Corner?
Sep 11, 2020Read MoreFrom 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 …
- Monetary Policy
Average Inflation Targeting
Sep 2, 2020Read MoreThe 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…
- Investment Strategy
Asset Bubble Inflation 101
Aug 27, 2020Read MoreIn 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…
- Economics
Checking in on the Housing Market
Aug 19, 2020Read MoreThis 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…
- Fiscal Policy
CNBC Op-ed: The Next Stimulus Should be Spent on Job Training and Rebuilding a Better American Economy
Aug 16, 2020Read MoreGovernment spending from the Treasury Department and Congress along with stimulative bond purchases from the Federal Reserve are at unprecedented levels.Defici…
- Investment Strategy
But Will It Continue?
Aug 13, 2020Read MoreI 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…
- Economics
The Sagging Dollar
Aug 7, 2020Read MoreI'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 …
- Economics
Just How Bad Is It?
Jul 31, 2020Read MoreWe 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…
- Economics
Cognitive Dissonance
Jul 24, 2020Read MoreThe 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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