1,313 results found
Invest
The latest round of aggressive monetary policy is not called QE despite the fact that it is nearly identical in all facets. We walk you through step by step why it is QE.
PRO BLOG
Each week we produce a chart book of the S&P 500 sectors to review where money is flowing within the market as whole. This helps refine not only decision making about what to own and when, but what sectors to overweight or underweight to achieve better performance. HOW TO READ THE CHARTS There are three […]
PRO BLOG
Each week we produce a chart book of the major financial markets to review whether the markets, as a whole, warrant higher levels of equity risk in portfolios or not. Stocks, as a whole, tend to rise and fall with the overall market. Therefore, if we get the short-term trend of the market right, our […]
Invest
Professor Minsky taught that markets have short memories, and that they repeatedly delude themselves into believing that this time will be different. Sadly, given the current level of market exuberance Minsky is likely to be proved correct.
Invest
Dallas Fed President Robert Kaplan is neutral right now on monetary policy, saying neither a rate cut nor a rate hike are necessary in the medium term. The markets disagree.
Invest
In the President's "State of the Union Address" on Tuesday, he used the podium to talk up the achievements in the economy and the markets. However, it is the claim of record high stock prices which undermines the rest of the story. Let me explain.
PRO BLOG
A review of important commodities which may provide clues as to both the strength and direction of the markets and the economy. CRB Index After rising from October of 2019 into December, in anticipation of the “Trade Deal,” the CRB index has collapsed in the last month suggesting the pickup in economic activity seen last […]
Invest
When the money supply is increased for consumptive and speculative purposes, the Fed creates dissonance between our wages, wealth, and the rate of inflation. In other words, they generate excessive inflation and reduce our real wealth.
PRO BLOG
Each week we produce a chart book of the S&P 500 sectors to review where money is flowing within the market as whole. This helps refine not only decision making about what to own and when, but what sectors to overweight or underweight to achieve better performance. HOW TO READ THE CHARTS There are three […]