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Equities were mixed yesterday as the NASDAQ led by the technologies advanced and the Dow fell. Equity volume was muted. Treasury yields were relatively lower and oil rose after Saudi Arabia announced even deeper cuts and Venezuela is...

Many times I have discussed the labor participation rate (LPR). The LPR is quickly rising in stature as the unemployment rate indicates an economy close to full employment. I have often remarked a major reason for today’s low unemployment rate is result of the large...

Several weeks ago I referenced data indicating throughout the year the retail investor was buying the shares institutional investors were selling.  Data compiled by Charles Schwab is now indicating the retail investor is now selling.  The statistics further indicate the pace of selling is accelerating...

Many times I have commented about the greatest risk to the market is liquidity, stating further the next crisis will be a liquidity crisis, perhaps the result of rising interest rates.  The vast majority of academics and ETF sponsors will vehemently deny such claims utilizing...

Is the 10 year run in the NASDAQ/techs over?  Will such an ending also coincide with the peak in passive/index investing? In my view the issue at hand is the relentless drive to reduce costs by eliminating the middle man via indexing that it in itself...