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When I came into the industry about 30 years ago I was schooled value was supposed to beat growth stocks over the long run. That was the case from 1976-1994 and from 2000-2006. It certainly has not been the case for the past ten years...

Yesterday was the inverse of the day before.  Strong gains evaporated following a public dust up between the President and Democratic Congressional leaders concerning funding for the Wall. The market then rebounded following comments from key Senate...

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...

Led by tech, equites declined.  There are numerous uncertainties…the Fed, tariffs, earnings, inflation, political issues including impeachment and other threats, Brexit, etc. Oil however initially rose as Saudi Arabia unilaterally reduced oil exports by 500,000/day in December, calling for other producers to do the same, cutting...

The outcome of the Fed meeting was as largely as expected.  The Central Bank is on course to increase rates in December as strong economic growth, higher tariffs and rising wages look set to spur inflation. The Fed stated “economic activity gas been rising at a...

Today is Election Day.   There will not be a shortage of opinions about the outcome.  I have framed today as a battle between the economy and the traditional outcome of midterms amplified by the anathema of President by the Establishment To refresh all historically voters vote...

It is election eve.  Simplistically explained, it is economic growth versus Presidential anathema from the Establishment and the Elites.  What side will be the victor?  Perhaps the only certainty...

The next several days could be pivotal in determining the intermediate direction of the markets given the multitude of high profile events. Last night Apple’s earnings were posted.  Initial interpretations were negative with shares at the time of this writing down about...

Welcome to November.  As widely noted October was the worst month since 2011.  Will the rout continue? Many times I have commented about the massive imbalances in the markets.  It appears every aspect of the market—compliance, trading, portfolio management, etc.—has gravitated to passive/index investing where by...

Last week was one of the strongest weeks of the year, the reason—a potential change in monetary policy that is perhaps suggesting the economy is approaching escape momentum. The week before—the S & P had one of the worst weeks of the year, the reason—a...