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  If two back-to-back quarters of negative GDP growth is the definition of an economic recession, then two quarters in a row of earnings declines would have to qualify as an earnings recession. Driving the "earnings recession" is a combination of poor global growth,… More >>

  With just a few days left in calendar Q3, it's probably time we set the stage for the upcoming earnings season. Similar to last quarter, earnings and revenue growth are expected to be negative. Earnings are expected to decline by -4.5% and revenue is expected to decline… More >>

  The Fed punted on its duty to normalize rates last week, consistent with investor's expectations. Unfortunately, in their statement,they added another layer of complexity to their already challenging mandate. Prior to their announcement on Thursday, the Fed had a "dual… More >>

    This Thursday the Fed will either raise interest rates by 25bps (maybe more) or they will push out the inevitable until later this year. Markets will react, one way or another. Currently, more investors expect a rise in interest rates to be delayed instead of hiking… More >>

  By now you might be developing some investor fatigue as market volatility adds more difficulty to the already complex art of investing. After all, we have experienced 16 days of triple digit moves in the last 30 trading days. [I] Perhaps, you might be thinking, "When… More >>

  A plethora of economic data was released last week that helped to provide a recovery rally in U.S. equity markets. First, U.S. GDP for Q2 was revised much higher than estimated on the first report. U.S. GDP grew by 3.7% up from Q1 growth of .6% and Q2 first estimate of… More >>

  It should come as little surprise to those that read our posts that we have had a full correction in U.S. Equities (defined as a 10% drop). After all, it's been over 1,420 days since we have had a correction of this magnitude. In fact, when you look at the frequency of… More >>

  The US economy is strengthening by most economic accounts (see our post from last week). It's no wonder we hear lots of news about the Fed raising rates in September with almost certainty of seeing at least a rate increase in 2015. The probability of a rate increase by… More >>

  Is the US Economy about to launch into a phase of consumption driven by confidence, wages, and income? Let's take a very quick look and contemplate how likely we are to achieve lift off. The US Economy added 215,000 more jobs in June, according the latest report from the… More >>

  After spending 30 years as a professional investor on behalf of others, I've grown accustomed to the rhythms of the market. More important, I've grown more attuned to the rhythms of our clients and investors. Right around this time of a long run bull market when earnings… More >>