In my view there is a potential disconnect between recent economic data suggesting weakness and the weekly jobless data suggesting strength.  Weekly jobless claims are around 15 year lows but recent statistics is projecting second quarter GDP around 1.0%....

What do I first comment about?  Do I remark about oil’s unrelenting advance spiking to over $62 barrel on a reduction in inventories?  Or do I write about the bond market rout as the 30-year pierced the 3.0% level because of potential inflationary pressures from...

Are the markets overvalued?  In my view, the answer is data dependent.  Relatively speaking shares are inexpensive based upon current interest rates.  On the other hand, if rates begin to normalize, values are extended....