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Initial estimates of second quarter GDP is released at 8:30. Analysts are expecting a 1.8% growth rate as the decline in inventories is expected to subtract about 1.3% from growth. This is the inverse from the first quarter when inventory ...

In my view there is a distinct relationship between passive investing and politics. It was reported yesterday that BlackRock and Vanguard—the dominant purveyors of passive investing--captured 57% of net global equity inflows in 2018. Inflows however dropped 70% from 2017. Passive investing...

Is the economy accelerating, the inverse of popular narrative?  August’s ISM non-manufacturing index rose to the second highest level since 2005.  The backlog jumped to the greatest point since 2007 and the new order index is now at a 10 year high.  This...

What will conclusions will be made from this week’s FOMC meeting?  Many are discussing about a possible bubble in technology stocks.  I think there is a bubble in sovereign debt yield.  Several weeks ago I commented there are 21 countries that have negative interest rates,...

Several times during the past several weeks rhetorically asked how the rising dollar will impact results, conjecturally answering if history is of any precedence, negatively.  Yesterday this conjectural question and rhetorical answer became reality.  The rising dollar has impacted earnings, an impact that I don’t...

Last week was one of significance given the action by the ECB.  Tomorrow is the commencement of the two day FOMC meeting where many are expecting the US central bank to offer more guidance regarding the time table of a change in US monetary policy. ...