Recent Posts

  1. October 14, 2019

    Just about everyone is asking the same question: How long can this economic expansion last? One pf the bigger inquisitions is coming from President Trump, and, while he may not be asking directly, he is certainly asking indirectly. Just look at his immediate statement after… More >>

  2. October 7, 2019

      With all of the noise and turmoil in the third quarter, the S&P 500 ended with a small 1.2% gain. Between trade wars, oil disruptions, impeachment proceedings, and weakening domestic manufacturing data, it’s a wonder we didn’t experience more of a drawdown than… More >>

  3. September 30, 2019

      The long-awaited throwdown of partisan politics, accountability, or retribution – depending on your point of view – has started. I’d dare not venture into the partisan outcomes, but rather focus our attention on the possible economic and market implications of this… More >>

  4. September 23, 2019

      Ultimately, earnings growth matters. After all, investors only own the future. When you buy a stock, you’re purchasing a fractional share of future cash flow streams that the company generates from earnings and dividends. You’ve bought it at its current earnings, but… More >>

  5. September 16, 2019

      Despite the shock and sharp rally in oil prices due to the Saudi Arabian oil facility attack, there is some underlying good news to consider at this stage of the cycle. [i] The majority of economic releases last week showed improvement from the previous period or… More >>

  6. September 9, 2019

      Regardless of what economic, geopolitical, corporate, Trump tweet, or market-moving event occurs, all equity investors need to be prepared for risk. Risk is the underlying ingredient that creates excess returns over “risk-free” assets like government bonds. Here’s a… More >>

  7. September 3, 2019

      For the first time since the middle of 2008 Financial Crisis, the S&P 500 Dividend Yield is greater than the yield on 5-, 10-, and 30-year treasuries. [i]     Simply put, stocks are paying more income than bonds which is pretty rare. Historically, bonds tend… More >>

  8. August 26, 2019

      President Trump’s remarks concerning his ongoing trade war with China took on epic proportions last week as he simultaneously attacked the Chairman of the Federal Reserve and the President of China Xi Jinping on Friday. [i]     Calling Chairman Xi an “enemy”… More >>

  9. August 19, 2019

      Last week in our blog “What Else Can Go Wrong,” we accurately predicted several outcomes that would increase equity market volatility.  The S&P 500 did, in fact, post another quarter without any earnings growth, as corporate America officially enters an earnings… More >>

  10. August 12, 2019

      The old adage of Murphy’s law states, “Anything that can go wrong will go wrong.” This probably applies to our current season of worry. Moody’s Chief Economist Mark Zandi sums it up well with the following chart. [i]     It’s not surprising to see the equity… More >>

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