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… Read more “Cognitive Dissonance”
Market Commentary
Vees, Checks, and Convergences
For the markets as a whole, the summer has been pretty good. In the last three weeks, the S&P 500, Dow, and NASDAQ indices have all seen… Read more “Vees, Checks, and Convergences”
Banks Go on Defense
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… Read more “Banks Go on Defense”
The Nifty FAANGs
At the risk of sounding repetitive, I feel compelled to revisit a trend that has been remarkably consistent and powerful over the past several years. A small… Read more “The Nifty FAANGs”
Closing the Gap
It appears that the S&P 500 has settled into a trading range after making a run at its all-time high earlier this month. The index currently sits… Read more “Closing the Gap”
Which Is the Boogeyman, Inflation or Deflation?
The moderate inflation we were experiencing prior to the COVID-19 outbreak has fallen off a cliff. Yesterday we received word that the Consumer Price Index (CPI) grew… Read more “Which Is the Boogeyman, Inflation or Deflation?”
The Paradox of Thrift
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… Read more “The Paradox of Thrift”
China Tensions Could Kill This Bullish Recovery
The world’s second-largest economy suspended guidance on its gross domestic product for the first time in 25 years, citing pressures from the coronavirus and trade tensions. For… Read more “China Tensions Could Kill This Bullish Recovery”
Checking in on the Finances
The Congressional Budget Office released its Interim Economic Projections yesterday. Although the projections aren’t out of line with many other estimates we’ve been seeing, it was still… Read more “Checking in on the Finances”
My Pandemic Portfolio
My friend and investor RJ Lewis provoked a discussion on social media this week. He brought up a point made recently by Ray Dalio, the high-profile money… Read more “My Pandemic Portfolio”