Blog

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

April 2016 Newsletter The Ball is in the Fed’s Court Account values are up nicely after the S&P 500 experienced two 14% corrections over the

March 2016 Newsletter Correlation of Oil and the S&P 500 is About to Deliver Hope Notes on the direction of oil and the equity markets:

December 2015 Newsletter Happy New Year! What a roller coaster ride of flatness in the S&P 500 for the year 2015. Yet despite short-term negative

August 2015 Newsletter So the boogie man exists and his name is China. A month before the Chinese President, Xi Jinping, is set to visit