Blog

October Review – Rethinking the rate cut cycle

The stock market churned in October, ending down slightly as the market reduced its expectation for...

September Review – The long-awaited rate cuts begin

The Fed finally began its long-awaited campaign of rate cuts in September! Why did they need to...

August Review – The return of volatility

August started off with a bang, as concerns over the health of the US economy and the unwinding of the Yen...

July Review – Cooler Inflation Triggers a Massive Rotation into Small Cap Stocks

On July 10, the Bureau of Labor Statistics reported that consumer...

June Review – A Political Narrative Ends While an Economic Narrative Continues

Regardless of your politics, the June Presidential debate was not...

May review – Interest rates are driving the stock market again

Interest rates drove the stock market during the second half of 2023 – the chart below...

April review – Facing reality

Face reality as it is, not as it was or as you wish it to be.

– Jack Welch

The most important driver of strong stock...

March review – What are we waiting for?

Most of us are waiting. We're waiting for something interesting to happen. And I think we're going to wait...

February review –The soft landing takes the stage

For much of 2023 the market focused on the Fed. The end of rate cuts dominated the first half of...

Hold that thought

The progress of the economy in January threw cold water on the market’s hopes for interest rate declines. Much of the data...