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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...

Soft landings and the Mona Lisa

The Mona Lisa is valuable for its rarity and history as well as for its beauty. And it may never have been completed!^...

Bonds deliver an early Christmas present to the stock market

November highlighted the changing dynamics between the stock and bond markets, with...

October Doldrums

The three-month period from June through August saw the S&P 500 return 8.3%, a big departure from the expected ‘summer doldrums.’...

Seeking Clarity

The S&P 500 has experienced a strong recovery from 2022 losses, led by improving economic data and AI-driven technology stock...