May 12, 2021
There's No Evidence QE "Tapering" Hurts Market
There is still no indication central banks’ tapering quantitative easing bond buying is negative for markets.
May 7, 2021
Europe: Why Declining GDP Doesn't Conflict With Optimism
Why contracting GDP and growthy business surveys aren’t in conflict.
May 6, 2021
The Supply Shortages: An Investing Perspective
An investing perspective on these widely discussed supply shortages.
May 5, 2021
The Big Sentiment Story Is Why Pundits Reject 'Sell-in-May'
Pundits New Take on the May Myth
May 4, 2021
Will Growth Match Expectations For Investors?
As expectations for fast growth proliferate, investors should focus on whether reality is likely to follow through.
Apr 30, 2021
Look Beyond PMI Highs To Understand This Bull
Look beyond PMIs’ record highs for signs of where the bull market is today.
Apr 29, 2021
A Surprising Truth About This Year’s ‘Volatility’
Stocks actually haven’t been too rocky this year.
Apr 28, 2021
Census Redistricting Is Another Market Positive
Redrawing the districts should have many congresspeople rethinking major legislation.
Apr 26, 2021
Capital Gains Rumor Isn't Giant Sucking Sound for Stocks
To the extent anyone would actually pay it, nearly doubling capital gains taxes for 0.3% of US taxpayers is not a giant sucking sound for stocks.
Apr 23, 2021
A Welcome Political Quiet Relative to Last Year
Global politics are overall quiet compared to last year, but that doesn’t mean nothing is happening.
Apr 22, 2021
What China's Growth Numbers Say About What's Ahead
What the latest Chinese economic data reveal about what lies ahead.
Apr 19, 2021
Banks' Blowout Growth Is Great, but Looks Back
Q1 (and Q2) earnings may be great, but stocks are already looking beyond them.
Apr 17, 2021
Why Econ Data Tell You Little About the Markets
Does a report showing how the UK economy fared under lockdown mean much now that restrictions are lifting?
Apr 16, 2021
Madoff Is Dead, But Schemes Like His Still Alive
As investors’ greed starts flowing, bad apples probably see opportunities—here is what to watch out for.
Apr 15, 2021
Surging CPI More Math Quirkiness Than Inflation
Surging CPI is more math quirkiness than inflation.
Apr 12, 2021
Ignore Econ Projections, Stocks Have Already Priced 'Em
Stocks have already priced in economists’ global growth projections.
Apr 8, 2021
Economic Data Springing Higher, But Stay Level-Headed
The latest data are fueling rather rosy expectations for the US economy. Take it with a big grain of salt.
Apr 6, 2021
The Correction In China Seems Very Short-Term
Chinese stocks’ correction seems like a short-term hiccup.
Apr 2, 2021
What Covid Relief Check Chatters Says About Sentiment
What chatter about COVID relief checks’ economic impact says about sentiment today.
Apr 1, 2021
Keep Expectations of Biden Stimulus In Check
An eight-year spending roadmap that may or may not come to fruition won’t juice the economy now.
Mar 31, 2021
Real Lesson From Archegos’ Missed Margin Call
Fears of a single fund’s problems infecting the broad stock market proved false.
Mar 29, 2021
An Examination of What Inflation Is, What It Isn't
With prices up in some corners of the economy, we examine what inflation is—and isn’t.
Mar 26, 2021
The Ways To Defend Yourself Against Financial Predators
Some tips on protecting yourself from bad actors preying on stressed investors.
Mar 25, 2021
Stocks Not Acting Like the Last Year Was a 'Bull'
Stocks aren’t acting like the last year was a new bull market.
Mar 23, 2021
How Much Reopening Isn't Baked Into Stock Prices Now?
A chart collection of sectors and industries most pundits assume are very reliant on reopening the economy raises the question: How much reopening isn't baked into stock prices now?
Mar 22, 2021
There Is Epic Case of Monetary Confusion Now
There is an epic case of monetary policy confusion right now.
Mar 17, 2021
"E" In P/E Shows Why Stocks Aren't Overvalued
The E, not the P, is the driving force behind P/Es these daysâ?"and shows why stocks aren't overvalued.
Mar 16, 2021
Rumors of Treasury Demand's Demise Exaggerated
This week's successful bond auctions suggest rumors of Treasury demand's demise are greatly exaggerated.
Mar 15, 2021
Why Savings Aren't Necessarily Econ. Rocket Fuel
Don't presume massive savings will lead to surging spending.
Mar 11, 2021
Despite Its Ties, the Buffett Indicator Isn't Predictive
Despite the titular tie to arguably the greatest living investor, this valuation measure lacks predictive power.
Mar 10, 2021
The Rate Spike: A Lesson In Efficiency of Markets
Bond markets are volatile, too, and this has all the markers of a sentiment-driven swing.
Mar 8, 2021
The Base Effects That Will...Ummm...Inflate Gauges
Detailing the base effects that will ? umm ? inflate some gauges of prices in the near future.
Mar 5, 2021
The UK Gets All 'Austere.' Again.
Aside from next year's stealth income tax hike, most of the UK's new Budget looks like version 2.0 of make-believe austerity.
Mar 4, 2021
Vaccines Likely Can't Vanquish Value's Headwinds
Value stock enthusiasts seem to be overlooking some fundamental headwinds.
Mar 3, 2021
Not Much Evidence Yield Chasers Drive Returns
There isn't much evidence yield chasers drive returns.
Mar 2, 2021
It's Bogus Logic to Presume Rising Rates Will Hurt Stocks
Our take on the recent jump in long-term Treasury yieldsâ?"and their likely impact on stocks looking ahead.
Feb 26, 2021
Mkt. 'Bubble' Chatter Is Emerging, But Is It Timely?
Bubble chatter is emerging, but is it timely?
Feb 25, 2021
'Super' Mario's Gov't Doesn't Look Super Active
The more Italian prime ministers change, the more gridlock remains the same.
Feb 25, 2021
The Trouble With Parsing Jerome Powell's Words
The Fed is more than one person, and that one person might not even be in charge much longer.
Feb 22, 2021
Better-Than-Feared Results Signal Earnings Slump Is Over
Better-than-feared quarterly results indicate rational optimismâ?"and highlight the 2020 contraction's peculiarities.
Feb 22, 2021
A Grueling 12 Months Provides Timeless Investment Lessons
A grueling 12 months carries timeless lessons for investors.
Feb 13, 2021
The More Pundits Fear Inflation, Less That It Shocks Stocks
The more pundits worry about inflation, the less likely it shocks stocks.
Feb 11, 2021
Talk About Commodity Prices Beyond 2021 Is Pure Speculation
Any talk about commodity prices beyond 2021 is sheer speculation.
Feb 10, 2021
Cryptocurrency Bandwagon Is Looking Crowded
The cryptocurrency bandwagon is looking crowded.
Feb 8, 2021
What Investors Can Glean from Q4 GDP Slowdown
Q4 GDP slowdownsâ?"and even some contractionsâ?"surprised few.
Feb 4, 2021
Investors Are Getting Their 1st Happy Look at Gridlock In '21
Investors are getting their first look at 2021's gridlock in action.
Feb 3, 2021
2020's Historic GDP Downturn - & Recovery - In Perspective
The big bounce is behind; further growth is likely, but keep expectations in check.
Feb 2, 2021
Successful Investing Doesn't Require SPACs, Other Moonshots
Successful investing doesn't require moonshots.
Jan 29, 2021
Biden's Exec Orders Don't Much Alter Energy Fundamentals
The latest actions aren't as sweeping as meets the eye.
Jan 27, 2021
Pundits Unexpectedly Cheerful Toward Buybacks
Pundits are uncharacteristically cheerful toward stock buybacks these days.
Jan 26, 2021
Where Consensus Favors One Category, Usually Another Leads
When everyone expects one category to lead, something different usually happens instead.
Jan 23, 2021
Weaker Economic Data, Warmer Investor Sentiment
Reactions to recent dips in US and UK economic data suggest rising optimism.
Jan 22, 2021
Why Presidents Don't Dictate Stock-Market Returns
Presidents don't dictate market returnsâ?"for good or ill.
Jan 21, 2021
Biden Rescue Plan Previews the Gridlock He'll Face
And why it previews the likely gridlock to prevail in Washington this year.
Jan 15, 2021
A Sketch to Illustrate What Stocks May See Ahead
A loose, general picture of the 2021 we think stocks are likely looking to nowâ?"and what it may mean for sentiment.
Jan 13, 2021
The Oddly Positive Market Reaction to Bad Jobs #
An overall positive reaction to dreary numbers is unusual this early in a bull market.
Jan 12, 2021
One Week Into the UK's Post-Brexit Life, the Chaos Is Absent
One week into the UK's post-Brexit life, chaos seems largely absent.
Jan 11, 2021
To Avoid Investment Errors, Avoid Partisan Politics
To avoid investing errors, we think it is critical to set partisan politics aside.
Jan 7, 2021
Downturn's Unique Characteristics Have Key Implications
This economic downturn's unique characteristics have a few key implications.
Jan 4, 2021
Sentiment Overshoot That Spurred Stocks in 2020
There is no doubt that 2020 was a bad year in most respects, but economically, a better-than-feared reality was enough to let markets look past lockdowns' impact.
Jan 2, 2021
Some Do's and Don'ts for a 2020 Portfolio Review
What investors should and shouldn't do when reviewing 2020 portfolio performance.
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