Where Is the Wage Growth?

July 29, 2015

In my post on Friday, I noted that employment is, in many ways, approaching boom times. Although it’s not there yet—the proportion of part-time jobs and the level of high-paying jobs continue to be concerns—employment is moving in the right direction and doing so at an increasing rate.

The missing piece here has been wage inflation. If things are so good, why aren’t we all making more money?

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China’s Stock Market Plunges Again (But Not to Worry)

July 28, 2015

It turns out that China’s stock market remains a market after all, despite the Chinese government’s best efforts. Prices on the Shanghai Composite Index fell 8.5 percent on Monday and another 1.7 percent Tuesday, stripping away more than half of the gain since the last bottom.

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Monday Update: Better U.S. Economic Data Points to Continuing Recovery

July 27, 2015

After discouraging news the week before, last week’s U.S. economic data came in generally positive, suggesting that the economy continues to move forward despite ongoing headwinds.

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Employment: Partying Like It’s 1973

July 24, 2015

I’ve been saying for a while now that the employment market is approaching boom times, and the initial jobless claims number that came out yesterday backs me up. The number of people who filed new applications for unemployment insurance dropped to a 41-year low this past month, down to a level last seen in 1973.

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Appearance on CNBC's Power Lunch, July 23, 2015 [Video]

July 24, 2015

Although my expectations are for slower growth in the economy, this is actually a positive thing for stocks in the long term. Where are the areas of potential opportunity for investors? Hear what I discussed in an appearance yesterday on CNBC's Power Lunch program

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Social Security Faces Its First Reckoning

July 23, 2015

Not that long ago, we were discussing the inevitable financial collapse of the U.S. Deficits were through the roof, so was the debt, and all that remained was to find out just how it would end, with a bang or a whimper.

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Is Hillary Clinton Going to Raise Capital Gains Taxes?

July 22, 2015

Several readers have reached out to me regarding news articles with headlines like “Clinton to Propose Increasing Capital Gains Taxes,” wanting to know the implications of this and what we should do.

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Upcoming Appearances

Tune in to Fox Buxiness Network on Thursday, August 20, at 6:30 A.M. ET to watch Brad discuss the markets with Maria Bartiromo on the set of Mornings with Maria. Check your local listings for availability.

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Disclosure

Certain sections of this commentary contain forward-looking statements that are based on our reasonable expectations, estimates, projections, and assumptions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Past performance is not indicative of future results. Diversification does not assure a profit or protect against loss in declining markets. All indices are unmanaged and investors cannot invest directly into an index.

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