State Street Bank which is the third largest ETF issuer by assets is laying off about 15% of its senior management, employees identified as executive VPs and senior VPs.  State Street stated it needs to “structurally compress”...

Equities looking past skepticism about tech issues and instead focused on the possibility of progress in US-China trade talks and rose moderately for the day.  Small cap issues again outperformed.   Treasuries dipped and crude advanced about...

Led by technology companies and small caps equities advanced.  The catalysts were continued reassessment of dovish remarks made by the FRB Chair and optimism surrounding trade talks. Commenting further about...

Wow!  The December jobs report was extremely strong in every dimension suggesting that the economy is on solid footing.  The correlates to an economy expanding with a “four handle” thus should alleviate concerns the economy is on the verge of a recession.  As noted last...

Welcome to 2019!  According to Deutsche Bank 2018 was the worst year since 1901 and depending upon the asset class, declines were between 10% and 60%.  While I cannot definitively write 2018 was most the volatile year on record, it definitively feels like it was. ...

What will be written about market history in 2018?  There was the “too good to be true rally” in January followed by an early February plunge and then a rebound back to previous highs and now a massive melt down that is decimating asset values...

US Treasury Secretary Mnuchin blamed volatility in equity markets partly upon high speed trading and the effect of the Volcker Rule.  Mnuchin stated   “in my opinion market structure has led to a lot more volatility, part of this is a combination of market presence of...