Equity markets led by technology staged a strong post-election advance. Gridlock is the new positive buzz word and yesterday’s era will last into perpetuity following October’s speedbump. Typically strong advances like the one experienced yesterday, the percentage of advancing S & P 500 stocks is over...
The midterms are over. There is infinite number of opinions about the possible outcomes. Economics prevailed in the Senate as the Republicans increased their number of seats but lost in the House as power shifted for the first time in eight years. In some regards the...
Today is Election Day. There will not be a shortage of opinions about the outcome. I have framed today as a battle between the economy and the traditional outcome of midterms amplified by the anathema of President by the Establishment To refresh all historically voters vote...
It is election eve. Simplistically explained, it is economic growth versus Presidential anathema from the Establishment and the Elites. What side will be the victor? Perhaps the only certainty...
The next several days could be pivotal in determining the intermediate direction of the markets given the multitude of high profile events. Last night Apple’s earnings were posted. Initial interpretations were negative with shares at the time of this writing down about...
Welcome to November. As widely noted October was the worst month since 2011. Will the rout continue? Many times I have commented about the massive imbalances in the markets. It appears every aspect of the market—compliance, trading, portfolio management, etc.—has gravitated to passive/index investing where by...
President Trump may soon label China a currency manipulator. While I will skip the obvious notion that all countries manipulate their currencies either overtly (devaluation) or covertly (monetary policy), such a declaration may have wide ranging implications....
Will history regard Senator Reid’s 2013 ending of the Senate filibuster and the 2014 OPEC decision to flood the world with oil as two of the worst political calculations in recent history? Both have the potential to have an infinite number of unintended consequences as...
Many times I have commented Main Street will outperform Wall Street, a theme I first began discussing about 18-20 months, partially the result of valuations and the preponderance of monies following the largest capitalized momentum growth issues suggesting this sector was vastly over owned. I...
Today is the Inauguration. I vividly recall President Obama’s 2009 inauguration speech. While I did not vote for him, I found his comments hopeful and uplifting, thinking give this guy a chance to see if he can unify and heal the country....