November 11, 2015
The question that seems to be occurring to more and more people is, “Are we at a market peak?” It has been a multiyear bull market, stock prices have tripled from the base, profit margins have been at record highs for years, and now interest rates are going up. It’s not a crazy thought.
November 10, 2015
Starting tomorrow, I will be off to Commonwealth’s National Conference for the rest of the week. It will be a very busy several days, including a giving-back project, which is a Commonwealth tradition that we do at every event, leaving a place somewhat better than we found it; a birthday dinner for an advisor friend; multiple other dinners and functions; and, of course, my conversation with Ben Bernanke on Friday.
November 9, 2015
Last week’s economic data was very much in line with the weather—much better than expected. As I will outline in this Monday update, it wasn’t the full “shirtsleeves in November” that we had in Boston, but it was nonetheless much sunnier than the prior weeks may have suggested.
November 6, 2015
Once again, it’s time for our monthly update on risk factors that have proven to be good indicators of economic trouble ahead. As expected, the data hasn’t changed much from last month—it remains positive in all areas and has continued to improve in many cases—but it’s still important to keep an eye on things.
November 5, 2015
Whenever I’m asked about investing—whether the market is likely to go up or down, what sectors to look at, and so forth—there’s one question I always ask before responding: What is the desired time frame? In my view, time frame is inseparable from any kind of reasonable response.
November 5, 2015
When markets rose after the Fed hinted at a potential rate hike in December, it made me rethink my expectations for the remainder of 2015. Will it be a double-digit year for stocks after all? I shared my views during an appearance on CNBC's Power Lunch program on Tuesday.
I’m at an investment conference today and tomorrow, so I will just offer some quick thought on several topics that don’t really warrant a full post.
November 4, 2015
In my latest Market Thoughts video, I discuss why October turned out to be a great month, despite being preceded by a terrible third quarter. Some highlights include consumer spending, personal income, and external influences on the ongoing recovery.
November 3, 2015
I’m working on my 2016 outlook right now—yes, a couple of months before it actually gets here—and am struggling to focus on what will be most important. Developing an idea about the future requires first identifying the most important issues, then making some decisions about how they are likely to evolve, and finally trying to tie them all together.
November 2, 2015
Last week was a busy one for economic data. And the numbers, which I’ll cover in this Monday update, along with expectations for this upcoming period, continued to show the effects of a slowdown in the third quarter.
