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The FOMC said it will be “patient” on any future interest rate moves and signaled flexibility on the path for reducing its balance sheet, a substantial pivot away from its bias just last month towards higher borrowing costs....

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...

Many times I have commented about the massive proliferation of passive investing and how it is impacting trading mechanics.  According to the Index Industry Association, benchmarking giants like S & P Global Inc., MSCI Inc., and the London Stock Exchange Group PLC, has created 438,000...

Is inflation increasing? The narrative has been myopically focused upon deflation for a myriad of reasons. Last week’s release of both the PPI and CPI indicated that inflation is perhaps accelerating....

FRB Chair Yellen suggested yesterday the central bank might delay, but not abandon, planned interest rate increases in response to recent turmoil in financial markets. Yellen also stated the obvious that the turbulence had “significantly” tightened financial conditions by pushing down stock prices, pushing up...

When I came into the industry about 30 years ago I unknowingly cold called a legendary icon.  The gentleman politely interrupted me partially through the presentation and gave me some unsolicited advice, advice that I believe is more poignant today than in years’ past....