One of the best analogies for the financial markets is a voting machine. A machine bound by the competing expectations of investors. Optimists versus pessimists. Realists versus idealists. Many would
Read More
In recent years, investors have grown accustomed to market downturns that have been short-lived. We’ve seen sharp declines followed by fast recoveries. We saw this in the last quarter of
Though we often feel a certain nostalgia for the past, I have mixed emotions for the seventies. Besides being the decade where I spent my awkward teenage years, it was
In America, we woke yesterday to hear news of Russia invading Ukraine. Tensions had been building in eastern Europe for several weeks as Russia began to amass troops on their
Happy New Year to everyone. We hope your year has gotten off to a better start than the stock market. Through the close on Wednesday, January 26, stocks were down
The year 2021 was a good year for stocks of all types—value stocks, growth stocks, small-cap stocks, foreign stocks. As investors looked beyond the rise of two COVID-19 variants, Delta
Historically December has been a strong month for the markets with the S&P 500 experiencing a gain 73% of the time since 1928. As shown in the chart below, typically,
Major indices reached all-time highs to start November. The S&P 500 closed at an all-time high on November 8 for its eighth consecutive positive day. That is the longest streak
We are awash in uncertainty. Will Congress raise the debt ceiling, and will there be a government shutdown? Could another debilitating Covid variant emerge? Might another terrorist attack occur on
The resiliency of the U.S. equity markets continues to be impressive. In spite of elevated unemployment numbers, higher inflation, and the Delta variant spreading in many parts of the country,