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With Congress and the President locked in an epic election season battle over a Supreme Court appointment, one has to wonder if there will be another round of fiscal stimulus. Let’s assume there is not and the U.S. Consumer and economy has to fend for itself. Looking at… More >>

Are stocks overvalued? By the conventional wisdom, the answer is a resounding Yes! When you look at various valuation metrics, stocks look overvalued on a 5-year and 10-year basis. [i] Before I just wrap this post up and conclude equities are overvalued, it is important… More >>

  The next couple of weeks will be seminal moments for the technology war waged by President Trump as the looming deadline for TikTok – the Chinese-owned social media app – to partner with an American company in order to continue U.S. operations comes on September 20th.… More >>

  With the NASDAQ down about 10% from the highs and other indexes off their respective highs it’s finally time to take a breath and reset. [i] From a macroeconomic perspective, we are still on the recovery path. Just consider the following indicators: Jobs continue to… More >>

I’m sure most didn’t look at Chairman Jerome Powell’s statement as it relates to the Federal Reserve’s modification to their long-standing inflation target policy last week. He was addressing the dual mandate Congress gave the Fed to create price stability and full… More >>

  When we’ve talked about a return to normal, one of the last things we would think of is a return to all-time highs on the S&P 500. But, that is exactly what occurred last week, 148 days after bottoming, the S&P 500 broke above its all-time high on August 18th!… More >>

  Critical COVID-19 legislation is on hold as both sides of the aisle bicker over who gets what in the next round of stimulus, with the two sides far apart on the critical question of state funding. [i] Democrats want over $1 trillion in the next round of COVID-19… More >>

The “V” shaped economic recovery most were predicting has hit a pocket of turbulent air. It might have even stalled. The July employment report suggested that the jobs recovery moderated from the blistering pace seen in May and June. [i] The jobs recovery, albeit muted… More >>

The overwhelming consensus from the clients and investors I speak to on a daily basis is a fear of what the election will bring. Actually, it is a fear of the market’s reaction to the election. It is impossible to predict what will happen—and almost anything could. Four… More >>

  I am certain most readers of this weekly commentary have heard of the new stock trading app Robinhood which allows individual investors to buy small quantities of stock in their favorite companies. It’s been all the rage with younger, less experienced investors. Some… More >>