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  Entering the Independence Day holiday, we had some pretty good economic news to celebrate. The jobs report from the Department of Labor came out on Thursday and crushed economists’ expectations. The report said the US economy added 288,000 jobs in the month of June and… More >>

  The global equity markets continue to march forward in-spite of valuations.[i] The cyclically adjusted P/E (CAPE) ratio for the S&P 500, a 10-year average earnings compared to current price, is at historic levels only seen a few times in the last 100 years. Robert… More >>

  It seems that no matter what is going on in the world, the stock market has had little reaction and continues to reach new highs. The Federal Reserve recently expressed its concern that investor complacency could “sow the seeds for disruptive market moves that could… More >>

  Not too many weeks ago the world, and especially Europe, was faced with an energy crisis from Russia and its geopolitical adventures with Ukraine. Russia is responsible for about one fourth of Europe's energy needs.[i] With the European Union being the largest combined… More >>

  We all look forward to retiring with sufficient funds to enjoy the latter part of our lives, but data from retirement surveys indicate that many Americans may not achieve this goal. The statistics are frightening: 46% of Americans have less than $10,000 saved for… More >>

  The answer: Most of Wall Street, including to some degree us, when it comes to the short-term direction of interest rates. While we knew rates would be persistently low for some period of time, we expected a small rise in rates at the beginning of the year. See our… More >>

  Jobs continue to dominate the headlines since Janet Yellen took control of the Federal Reserve. She has a legitimate dual mandate to improve the jobs picture by fostering "full-employment", estimated as longer-term unemployment in the range of 5.2% to 6.0%, and… More >>

In The Wizard of Oz, the Cowardly Lion needed courage to overcome his fears and build some confidence. Based on recent data, the players in the housing market may be in need of some courage, as there appears to be plenty of signs of doubt with respect to the economic… More >>

  These last few weeks have seen a quieter equity market with lower volumes and volatility moderating from some recent spikes.[i],[ii] As earnings season winds down, we have seen better than expected revenue numbers from Corporate America. As observed in the chart… More >>

  It appears the economy might be coming off the life support provided to us by the Federal Reserve. Since 2009, the Fed has expanded their balance sheet by about $2 trillion to get to where we are today. Source: Federal Reserve. In its April meeting, the Fed continued… More >>