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...

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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...

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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...

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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...

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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!...

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Bonds deliver an early Christmas present to the stock market

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

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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.’...

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Seeking Clarity

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

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Great Expectations

“Ask no questions, and you'll be told no lies.”

― Charles Dickens, Great Expectations

Strong economic data and stock returns this...

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Michael Jordan teaches economics

In the 1990s, Spike Lee made a series of commercials for Air Jordan's featuring the contrast between the shoes and...

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