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Was yesterday a day of significance? Oil advanced over 2% as several oil tankers were attacked in the Gulf of Oman. As widely noted, oil has plunged since sanctions were levied on Iran as inventories have surged. Many, including me, expected inventories...

Several years ago I attended a conference where several prominent hedge fund and private equity managers were speakers.  Perhaps the consistent theme amongst the presenters was the best opportunities present themselves when “blood is running in the street.”...

For many July was an ugly month.  Perhaps one of the few positives to write is the narrative is rising about the narrowness of the market where only 5 or 6 stocks have contributed to the year to date return for the averages.  Over 60%...

Today third quarter GDP is revised. Consensus is now expecting third quarter growth to be 3.3% versus the previously reported 3.5% rate.  Is this of any significance?...

The FOMC statement is made at 2:00 P.M.  To write the incredibly obvious, all will dissect every word in an attempt to gain insight into the Fed’s thinking, a thinking which in my view is all over the map.  As noted several times, the members...