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  The global equity markets continue to march forward in-spite of valuations.[i] The cyclically adjusted P/E (CAPE) ratio for the S&P 500, a 10-year average earnings compared to current price, is at historic levels only seen a few times in the last 100 years. Robert… More >>

  It seems that no matter what is going on in the world, the stock market has had little reaction and continues to reach new highs. The Federal Reserve recently expressed its concern that investor complacency could “sow the seeds for disruptive market moves that could… More >>

  Not too many weeks ago the world, and especially Europe, was faced with an energy crisis from Russia and its geopolitical adventures with Ukraine. Russia is responsible for about one fourth of Europe's energy needs.[i] With the European Union being the largest combined… More >>

  We all look forward to retiring with sufficient funds to enjoy the latter part of our lives, but data from retirement surveys indicate that many Americans may not achieve this goal. The statistics are frightening: 46% of Americans have less than $10,000 saved for… More >>

  The answer: Most of Wall Street, including to some degree us, when it comes to the short-term direction of interest rates. While we knew rates would be persistently low for some period of time, we expected a small rise in rates at the beginning of the year. See our… More >>