February was another "wow" month for markets. All three major U.S. indices rose substantially, and markets around the world also did quite well.
March 1, 2017
February was another "wow" month for markets. All three major U.S. indices rose substantially, and markets around the world also did quite well.
February 28, 2017
Tonight, President Trump will give his first address to Congress—essentially a State of the Union. He has a lot to talk about, and it will be interesting to see what he chooses to focus on.
February 27, 2017
A limited amount of economic data was released last week, but what we did get was generally positive. The housing sector continues to post solid growth, and the Federal Reserve minutes showed confidence in the recovery.
February 24, 2017
We left off yesterday with the conclusion that the price you pay for an investment can determine your returns over time. It's a commonsense principle: other things being equal, someone who pays more for an investment will, over time, do less well than someone who pays less.
February 23, 2017
We concluded yesterday that time, in and of itself, does not explain how investments should behave over the next several years. The question now, of course, is what does?
February 22, 2017
Last week, we started thinking about what the long run really means for investors. It was a decent first cut, but the graphs I used to illustrate my point were not as useful as I had hoped. Today we’ll take a more numerical look at the argument.
February 21, 2017
Last week’s flurry of economic data was generally positive, either coming in surprisingly strong or much better than it looked. Both rising prices and faster consumer spending growth reflected an improving economy.
February 17, 2017
As I wrote earlier this week, for investors, the difference between the short term and the long term is not as obvious as it would seem. Where does one end and the other begin?
February 16, 2017
I spend most of my time thinking about economics and the economy, but over the past several years, that has increasingly included a healthy side helping of politics.
February 15, 2017
“Those who cannot remember the past are condemned to repeat it.” — George Santayana
