Blog

More Market Volatility April 6, 2018 Regarding the stock market; the market correction we are now experiencing is pressuring investor confidence.  Given the observation that

A Long-Awaited Correction February 13, 2018   Well, we waited 18 months for a correction in the S&P 500 and finally got one.  Fortunately, we

Standard Deviation, Price Momentum, Birds, Bonds and Oil   Standard deviation is one of many terms often used to describe the pendulum swing of volatility

Tax Policy, Class Struggle, Politics and Economics   The broad layout of the new Republican tax plan is out. Don’t spend your time drilling down

Heads up. There is a relationship between the value of stocks and interest rates.  And, this relationship is probably different than you think.  When yields

Be less anxious. While global growth has been tepid, during this period corporations have remained focused on lowering expenses and thereby enhancing returns to shareholders.

Changing Investment Styles and the Economic Cycle   Monitoring the rate of change in the business cycle (ups and downs) is an important part of

Advanced Optimism and the Need for a Healthy Correction Has the market become too optimistic?  The fact that analysts are asking this question suggests that

In this report I discuss politics by way of economic research and tackle some of the asset class implications of a Trump or a Clinton

August 2016 Newsletter Fear and Promise and the Equity Risk Premium: 2016 Relax; that is, become less taut. A recent survey by Credit Suisse has

Late June 2016 Newsletter Sometimes the equity research guys nail the bigger-issue: good news and bad news. At least that’s my attitude when they bring

June 2016 Newsletter Regarding the stock market: The roller coaster ride continues to be a tug-of-war between TINA, There Is No Alternative to stocks and