WHY IS THE MARKET GOING UP?!!

As I write this, the market as measured by the Dow Industrials, is up almost 500 points for the day to over 27,500, as we are facing the highest unemployment numbers since the Great Depression!  How does that make sense?  What is going on?!...

THE BULL ROARS BACK

As hard as it is to be patient with your portfolio when the market is dropping, sometimes it is even harder to stay patient when the market begins to recover. 

It has been only six weeks since the Dow Jones Industrial Average made it’s recent low on M...

“THE WILDCARD IS NOT DEPTH, BUT DURATION”

As anyone alive already knows, the market news over the past month has been unprecedented.  As the world has shut down vast portions of our economy in an effort to stop the spread of the dreaded Covid-19, financial markets have...

FEBRUARY 29, 2020

CORONAVIRUS PANIC

As a “numbers guy”, I regularly pour over all the economic reports that we receive from various governmental agencies and many of the reports that the public companies issue each quarter in an effort to determine the health and strengt...

HOW HIGH CAN WE GO?

With impeachment rhetoric raging and drones and missiles flying around Iraq, there has been plenty to concern investors over the past few weeks.  While these events can certainly cause volatility in our markets, nothing seems to be distressing the ma...

Fed Chairman Powell finally said it!  In his testimony to Congress’s Joint Economic Committee on November 13, Powell said:

“I think the new normal now is low interest rates, low inflation and probably lower growth.”

Since the Great Recession, establishment economists hav...

THE TRADE WARS CONTINUE

The financial press has been consumed recently with speculation about the outcomes of both the Fed’s latest meeting and President Trump’s ongoing trade negotiations with the Chinese.  As we warned in our last letter, there appears to be a stalema...

EARNINGS SEASON AGAIN

Every three months all companies that trade publicly are required to report their business results for the previous quarter.  Although not all companies report according to the calendar quarters, most of them do, and during the second week of April...

HAPPY BIRTHDAY BULL MARKET!

If you have listened to the news on the financial channels over the past couple of years, you have probably heard many of the pundits wax and wane about the age of our current bull market.  Most market followers mark the beginning of this bul...

WHICH MARKET WAS RIGHT?

Commonly accepted among stock market pundits is the belief that stock markets predict our economic future by six months or more.  Although historical data shows that the market has only about a 50/50 track record in that regard, recent market vol...