Cognitive Dissonance

July 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, good news is [...]

Banks Go on Defense

July 1, 2020

Steady growth in consumer spending is the key to a robust US economy, and right now the outlook doesn’t look all that promising.  We discussed in our June 18 Market [...]

The Paradox of Thrift

June 4, 2020

We received some fairly stunning data out of the Bureau of Economic Analysis (BEA) last Friday.  The government agency reported that Personal Income rose at a huge 11.7% [...]

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, coupled with [...]