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Second To None – A Primer

Written by Michael Lebowitz | Jan, 19, 2018

“Today’s equity market valuations have only been eclipsed by those of 1929, and 1999.” In March of 2017, we examined traditional equity valuations in a new light to help better…

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For Your Consideration

Written by Michael Lebowitz | Jan, 17, 2018

Consider the following: The current U.S. economic expansion has lasted 103 months and counting. Based on data since 1945 covering 11 business cycles, the average is 58 months and the…

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The Only Benchmark of Wealth

Written by Michael Lebowitz | Jan, 10, 2018

The New England Patriots are the winningest professional football team of the new millennia. While we could post a long list of reasons for their success, there is one that…

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Investment Outlook 2018

Written by Michael Lebowitz | Jan, 3, 2018

The following outlook provides our investment thoughts for the coming year. We did not include specific recommended asset allocation weightings for the major asset classes, as they will be part…

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Squeezing the Consumer from Both Sides

Written by Michael Lebowitz | Dec, 27, 2017

The Federal Reserve raised the Federal Funds rate on December 13, 2017, marking the fifth increase over the last two years.  Even with interest rates remaining at historically low levels,…

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A Question for Every Investor

Written by Michael Lebowitz | Dec, 13, 2017

Recently we received the following question from a subscriber: “If a correction in the stock or bond markets comes, the Central Banks will buy stocks with printed money, like the…

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The Spurious Math Of A Tax Cut Rally

Written by Michael Lebowitz | Dec, 7, 2017

The term “priced in” is a phrase used frequently by Wall Street and the financial media. This expression is used to describe how much the price of stock or a…

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Keep Calm and Carry On

Written by Michael Lebowitz | Nov, 16, 2017

“Before long, we will all begin to find out the extent to which Brexit is a gentle stroll along a smooth path to a land of cake and consumption.” –…

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