Market Insights

Making the economy, markets, and personal finance less complicated

  • Investment Strategy

    About Face!

    Sep 25, 2020

    The S&P 500 peaked at an all-time high of 3,588 on September 2nd. Over the ensuing 22 days the index has dropped about 10% - enough to officially call it a…

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  • Economics

    Poor Policy Is Keeping the Poor, Poor

    Sep 18, 2020

    The current recession has further highlighted, and exacerbated, the wealth gap in the United States.  Many people in the top 1%, 5% or 10% of the US income and…

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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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  • 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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