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The 8:30 headline describing September’s jobs data read “US Payrolls Miss Estimates as Wages Cool in Signs of a Significant Downshift.” The article stressed the nominal miss in both private sector and non-farm payroll gains ...

Many times I have commented about the imbalances of today’s markets, a viewed now shared by many including several regulatory agencies including the SEC. This view has not yet made into the mainstream but I ask is this about to change. ...

Twenty five years ago one of the top tier data points was the Leading Index of Economic Indicators (LEI). It was a hard and fast rule that three consecutive declines in the LEI all but assured a recession will occur in the next ...

Barron’s wrote yesterday US technology firms are and will continue to bear the grunt of the trade war. In my view this is just the acknowledgment of the obvious given the current supply chains and methods of production for ...

In my view the race to bottom regarding asset management fees is adding to market illiquidity. Bloomberg writes there is approximately $8 trillion between ETFs and passive index funds. There is little barrier to entry and hundreds of companies are ...

There is an old market axiom that the markets can remain irrational longer than one can remain solvent. Bank of America commented yesterday that today’s market is the most crowded trade in history. The environment is groupthink on ...

Nervousness amongst many iconic market luminaries is rising with one calling the current environment the “Wild West.” In my view a major reason for this nervousness is the massive influence of the absolute dollar amount of assets in ...

Last week I wrote it is human nature to extrapolate the current into infinity. What we think we can foresee is often nothing more than what we have recently seen. “More of the same” is the sensible default prediction in politics, baseball and...

Equities were unable to rebound from yesterday’s selloff. As widely noted, Friday the Dow overcame a 400 point decline trading in a stunning range off 550 points from trough to peak. Technologies were hit the hardest with the NASDAQ down over ...