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Tonight is the fourth Democratic debate cohosted by CNN and the New York Times. I do not think it is a political statement to make the current slate of candidates is the furthest left ever fielded. ...

How will September’s jobs data be interpreted? Until this week, the data was consistently surprising on the upside suggesting an economy expanding around a 2.5% to 2.75% pace. However earlier in the week both the ISM Manufacturing Index and the ISM Non-manufacturing Index...

Equities edged higher, helped by fresh stimulus from the ECB, amid mixed signals on whether the Trump administration and China are closer to a trade deal. ...

Within five minutes yesterday Bloomberg posted two headlines. The first was “Assets in passive mutual funds now exceed assets in active managed mutual funds.” The second headline was value/small caps are again outperforming momentum for the third consecutive day ...

Two consistent themes of these remarks is the discrepancy between value and growth stocks and the lack of liquidity. In many regards I believe they are connected. Commenting about value stocks, Bloomberg wrote yesterday the last time value shares were ...

There is an old market axiom that the markets can remain irrational longer than one can remain solvent. Bank of America commented yesterday that today’s market is the most crowded trade in history. The environment is groupthink on ...

Earnings season commences Friday. Depending upon the source, first quarter profits are expected to decline anywhere between 4.8% and 9%. JP Morgan writes the majority of the declines will be focused in the ...

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...

The headlines are ugly.  The Greek economy teeters on the brink of collapse with a possible exit from the EU/Euro.  Puerto Rico may delay some debt payments.  China’s stock market has suffered the greatest drop since at least 1992, imploding over 25% in about three...