Category Archives: Economics

Weekend Reading: Anticipation

Written by Lance Roberts | Jan, 13, 2017

Over the past couple of weeks, the market has continued to remain overbought, extended and exuberant on “hopes” that Trump’s policies will be the ointment to cure the economy’s ills….

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Hoover’s Folly

Written by Michael Lebowitz | Jan, 11, 2017

In 1930, Herbert Hoover signed the Smoot-Hawley Tariff Act into law. As the world entered the early phases of the Great Depression, the measure was intended to protect American jobs…

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Weekend Reading: The Beginning Of The Ending

Written by Lance Roberts | Jan, 6, 2017

A few week’s ago I discussed the post-election surge in the market based on rather optimistic outlooks as opposed to the technical underpinnings that currently exists. As I specially stated in…

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3 Things: Records Are Records For A Reason

Written by Lance Roberts | Dec, 29, 2016

I recently penned a post discussing various data points which were hitting record levels. To wit: “First, “record levels” of anything are records for a reason. It is where the point…

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2016 Year-End Bull/Bear Debate

Written by Lance Roberts | Dec, 22, 2016

I have written over the last couple of months the market was likely to rally into the end of the year as portfolio managers, hedge, and pension funds chased performance…

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Deception

Written by Michael Lebowitz | Dec, 21, 2016

Janet Yellen At the December 14, 2016 FOMC press conference, Federal Reserve Chairwoman Janet Yellen responded to a reporter’s question about equity valuations and the possibility that equities are in…

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Weekend Reading: Copious Cognitions

Written by Lance Roberts | Dec, 16, 2016

Over the last few week’s I have discussed the post-election surge in the market based on rather optimistic outlooks as opposed to the technical underpinnings that currently exists. As I…

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Banks in Drag : The Russell 2000 Exposed

Written by Michael Lebowitz | Dec, 14, 2016

In “Passive Negligence”, we highlighted how investors, on the margin, have been shifting from an active investment style to a more passive approach by favoring index and sector ETFs and…

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Carrier & The Broken Window Narrative

Written by Lance Roberts | Dec, 8, 2016

“Trump saves jobs in Indiana before even being President. This is how you make ‘America Great Again.”  Between promises to cut corporate taxes from 35% to 15%, reduce regulatory burdens…

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Mind Games

Written by Michael Lebowitz | Dec, 7, 2016

In “Bubbles and Elevators”, we discussed how human beings do seemingly ridiculous things to fulfill their instinctive need to mimic what others are doing, right or wrong, logical or illogical….

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Weekend Reading: Trumponomics

Written by Lance Roberts | Dec, 2, 2016

What a change a couple of weeks can make. As my colleague, Michael Lebowitz, wrote this past week: “Following Donald Trump’s surprise victory and the violent market reactions, many investors…

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3 Things: Exuberance, Small Caps, 6% Realities

Written by Lance Roberts | Dec, 1, 2016

Bull Market Exuberance As I addressed on Tuesday, the exuberance in the markets following the election, is getting just a bit overdone. To wit: “Such an outlook is certainly encouraging,…

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A Narrative for Every Season

Written by Michael Lebowitz | Nov, 30, 2016

“All is for the best in the best of all possible worlds” – Voltaire (Candide/The Optimist) Consider the media headlines and stories published before and after the presidential election. Before…

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Another Payoff Pitch

Written by Michael Lebowitz | Nov, 23, 2016

In July of 2015 we penned an article entitled “Finding Value in the Ninth Inning of the Great Bond Rally”. At the time, bond yields surged higher in response to…

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Weekend Reading: The Trump Effect

Written by Lance Roberts | Nov, 18, 2016

After more than a week following the election, the markets, and a large chunk of the nation, remain a mixed bagged of emotions ranging from exuberance and disbelief to anger…

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