Blog

It’s hard to talk about recessions when the U.S. stock market hit record highs last week, [i][ii] however, and quite unusually, there is a recession brewing in one important industry: Freight. Cass Information Systems, a leading freight payment and logistics provider,… More >>

Last week was a significant week for global trade as the trade war with China took a very predictable turn with President Trump crying “uncle.” Realizing the Midwestern farmer has turned decidedly against the President when it comes to trade, he did the only thing he… More >>

  Around the holidays, you might enjoy eggnog, mistletoe, or other traditions. Wall Street enjoys traditions as well.   One of the most dubious is the end-of-year tradition of making meaningless predictions. What will happen in the world of finance? Where will markets… More >>

  We certainly hope you all enjoyed a wonderful Thanksgiving with family and friends. Perhaps like the other 165 million Americans (according to the National Retail Federation), you chose to do some shopping in what is now a 5-day shopping event. [i]     The early… More >>

  With the major U.S. equity market indices at or near all-time highs and valuations appearing stretched, you might be wondering what’s possible for the future of returns. Based upon where we are now with price-to-earnings (P/E) ratios, future equity returns appear to be… More >>

  Last week gave us another look into the psyche of the consumer as the two largest economies in the world both reported strong retail sales. The combination of China and the United States make up almost 40% of global GDP, as shown in the infographic below. [i]      … More >>

  With the U.S. stock market reaching fresh highs in the last week[i], attention is turning to the large trove of cash sitting on the sidelines in money market and traditional savings accounts. As of Friday, money market assets topped $3.5 trillion, the highest level… More >>

  Last week provided critical data supporting where we are in the economic cycle and earnings recovery. On Wednesday, the first estimate of third quarter gross domestic product (GDP) was released, showing the U.S. economy grew 1.9% year-over-year. While growth has… More >>

With progress being made on Phase 1 of Trump’s trade war with China is there a chance they could be at a cyclical low? Both Fidelity and Moody’s believe China has entered, or is about to enter, a recession. [i] [ii]     While recessions are traditionally defined as two… More >>

There are a lot of headlines that can and are fueling the pessimist within all of us. That creeping, silent voice in our head that says, “danger ahead.” The fascinating thing about pessimism is it can act as a compelling emotion by helping us act with caution. Take the… More >>