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According to Bloomberg the number of liquidated ETPs (exchange traded products) is on pace to hit 1000.  The growing graveyard of exchanged traded funds and notes is the result of the massive proliferation of this extremely low fee product whose expenses are paid almost entirely...

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...

Where to?  During the last 45 days it appears everything is going wrong at once.  Commodities led by a record plunge in oil, have been crushed.  In equities, the FAANG complex is down about 25%.  Debt markets have been rattled by the turmoil engulfing GE...

There is little I can write for all are myopically focused on tomorrow.  Regardless of the outcome the country will survive.  Comparatively speaking, 2016 is nothing compared to past elections.  All must remember democracy is an angry visceral process filled with vitriol and animosity.  Democracy...

Like many I am disgusted with the two candidates of the 2016 election.  One is a boorish thug and the other is engrained in the establishment believing the rules do not apply to her.  The media is more focused upon sexual issues 15-30 years ago...

I am certain the mania surrounding this week’s Fed meeting will rise to a cascading crescendo.  Even though I do not believe in this next comment, to write about anything else would be essentially meaningless.  I again ask if a 0.25% increase makes a project...

Yesterday was the epitome of the “Dog days of Summer.”   Markets were eerily quiet, matching the 28 consecutive days of lack of volatility, defined as a move less than 1% in either direction, the longest period in over 2 years according to Bloomberg....

The Dow was again quiet yesterday after a three week 1,500 point advance from the post Brexit lows.  As all know, the Dow fell about 1,000 points in three days only to regain all these points plus 500 more on the announcement of yet even...

June’s PPI rose by 0.5%, more than the forecasted 0.3% gain and the largest increase since May 2015.  April prices rose by 0.4%.  For the 12 months prices are up 0.3%, the biggest year to year gain since December 2014....