“Those who cannot remember the past are condemned to repeat it.” — George Santayana
February 15, 2017
“Those who cannot remember the past are condemned to repeat it.” — George Santayana
February 14, 2017
In honor of Valentine’s Day, I was going to write about how much I love the stock market. The more I thought about it, though, I realized that “It’s Complicated” is a more accurate description of our relationship. I do love the market, but we have issues.
February 13, 2017
Last week was light on economic data, and what news there was didn’t really move the needle. The recovery continues but at a slow pace, with improvements in sentiment moderating even as the fundamentals continue to get better.
February 10, 2017
What's behind the ongoing rally in the stock market? I appeared on CNBC’s Power Lunch this afternoon, explaining why I think equities are responding to fundamentals and growing consumer confidence, not, as some would suggest, to President Trump and his policies.
February 10, 2017
One of the emerging issues I see many investors grappling with is the short term/long term dichotomy.
February 9, 2017
Economic questions come in cycles. Recently, with the relatively hawkish tone of the Fed and the turmoil in Washington, DC, economic worries have spiked again, and the velocity of money has become a hot topic.
February 8, 2017
Just as I do with the economy, I review the market each month for warning signs of trouble in the near future. Although valuations are now high—a noted risk factor in past bear markets—markets can stay expensive (or get much more expensive) for years and years, which doesn’t give us much to go on timing-wise.
February 7, 2017
The news this month is good once again, with all indicators pointing to continued expansion, despite a small pullback from January levels in some cases. Based on the latest data, the downtrend that developed in 2016 continues to reverse. The consistency of the reversal across multiple data sets and the positive levels of the data are encouraging.
February 6, 2017
In a departure from recent slowing, last week’s data indicated that the economy may be making a comeback.
February 3, 2017
I had planned to post my monthly Economic Risk Factor Update today, but that will have to wait until next week. Spoiler alert: Conditions remain favorable, but the jobs report issued today was a big surprise and merits some detailed consideration.
