Blog

  As we near the end of Q1 and what started off as the worst start to a year in U.S. stock market history, perhaps it's time to look at what actually drives most corporate earnings: Consumption. In one form or another, the U.S. consumer drives corporate sales which should… More >>

  If there was any doubt about what has been sending equity prices higher, that doubt should be eliminated. It's clear to me global coordinated Fed/Central Bank policy is driving equity markets. Last week the Federal Reserve met and released their expectation for interest… More >>

  U.S. equity markets have been on a tear as of late. In fact, from our post, Inflection Point, where we wrote the “U.S. investor would need to choose a set of data to focus on;” we have our answer. They are clearly focused on macro trends and discounting the lack of… More >>

  The political silly season is in full swing and it would be laughable if it weren’t so serious. In an effort to add some rationality to the passionate debate, let's review the impact of a trade war and isolationist policies on the U.S. economy. The backdrop to much of… More >>