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  US equity markets sold off sharply on Friday driven principally by a very strong jobs report showing the US economy added 295,000 jobs in February.[i] This very strong news spooked equity investors as they awakened to the reality of higher US interest rates from the… More >>

  We seem to be at another inflection point in the US economy and perhaps US equities. The US stock market has rallied for the last 72 months since the financial crisis and is up over 187%.[i] Valuations are moving to the upper end of their range compared to where they… More >>

  Now that we have mostly concluded earnings season (over 85% of S&P 500 companies have reported earnings), we enter a quiet period of data and investors shift their focus back to macro events.[i] Before I address the "quiet period", let's quickly review a summary of Q4… More >>

  On the face of it, most investors don't really care about what happens to Greece. Foreign conflicts and domestic issues were the top concerns in a recent survey of what concerns US high net worth investors.[i] However, most of our allocated portfolios contain some form… More >>

  Aside from your health, it's hard to imagine any endeavor other than investing where the outcomes can change so rapidly and matter so much. If you examined equity performance before last week, you might have felt like you were exploring the depths of another major pull… More >>

  With a large sigh of relief, we watched January fade to black. The US equity markets were down over 3% in the month.[i] Underlying their decline is some telling data that should come as no surprise to investors. First, S&P 500 corporate earnings growth… More >>

  It's not often I "go political" in the weekly commentary and certainly this edition has the potential to be misconstrued as political. The President was at the top of the list for major events with The State of The Union speech this week. Skipping the political… More >>

  The world seems a bit confusing to the average investor. Generally, if the US economy is expanding you would anticipate inflation, especially if you consider all the money sitting on the Federal Reserve's balance sheet. Inflation (dotted line) leads to higher interest… More >>

  While scanning several economic indicators this week, one indicator had a small hiccup, which gave me a bit of indigestion. Auto loans appear to be increasing in delinquency. The data suggests we are seeing acceleration in delinquency rates not only from Q2 2014 to Q3… More >>

  One of the best returning asset classes this last year was the US Dollar.[i] It's no surprise with so many things looking so good for the US Economy: Interest rates and inflation remain low. Consumers have more money to spend thanks to savings from low oil prices.… More >>