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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 >>

  Dr. Arthur Laffer, a 2020 Medal of Freedom recipient, is best known as a member of Reagan’s Economic Policy Advisory Board and creator of the Laffer Curve (full bio) Watch our CEO Tim Phillips interview Dr. Art Laffer Topics covered included: Inflation, Interest… More >>

  Second quarter earnings season commences this week and it will be ugly. S&P 500 companies are expected to report earnings declines in excess of 44% for Q2 according to FactSet. [i] No sector or industry was safe from the pandemic-driven shutdown of our economy.… More >>

  As we release our Q3 2020 Look Ahead, l wanted to take a moment to provide a little perspective. While I can’t give proper attribution to the following statement—as I don’t know the original author—it is well grounded: “Just imagine you were born in 1900. On your 14th… More >>

If you look at the basic American economic model, you know consumption is almost the entire ball game. [i]   It’s hard to believe that in such a partisan environment our government did something right, but it appears to me the CARES Act might be that one thing. I’m… More >>

  Did we just emerge from the deepest recession since the Great Depression? The definition as to what marks the official end of a recession is a bit murky but, there are two prevailing theories: One is a return to GDP growth after a period of contraction. The other is a… More >>

Part of our work as advisors is to constantly question our assumptions, biases, and beliefs. Beyond the first principals of investing that are clearly grounded in our practice, we form views around macroeconomic outcomes.   Simply stated, our current views are: Economic… More >>

  On Friday, President Trump declared the U.S. economy is on a “rocket ship recovery,” implying the economy will snap right back after posting an impressive recovery in jobs on Friday. Consensus expectations were for the U.S. economy to shed another 7.5 million jobs but,… More >>