The New Look American Government

Did the majority of business-owners feel warmly about the soon-to-be replaced Obama Administration? Is there an audience working hard to delegitimize President-elect Donald Trump because he didn’t win the popular vote? Back to College? To the latter question,...

In 2016, Patience Worked & Emotions Did Not

Sure, it had ugly spots, but I for one would argue that 2016 wasn't that bad as we round the final turn to the home stretch. The bottom line: Patience worked and emotions did not. Stocks were uneasy,...

Is Market Fear Finally Thawing?

Dot Plot What? Pretty amazing how market perspective shifts and what causes it. In this case, it was an election. Even a few months ago the market shivered if anyone even mentioned an interest rate hike. This week...

Overvalued or Underappreciated?

Years past teach have taught us to prep ourselves for a slower environment as this week rolls in. In fact, the pre-Christmas period can lead to a bit more chop as volume diminishes and people pack up or...

Meanwhile, Back in the Real World…

Our view has been that the so-called paltry readings coming from the cylinders of our collective economic engine were most recently being clouded by the energy morass, when oil prices fell dramatically back in June 2014. And we...

Market Movements: From Taking Stick to Dangling Carrots

It seems like we’ve operated so long under the "motivation by stick” method that we can’t seem to grasp how the "carrot method" works anymore. By example: Fiscal policy in the Bush years became a secondary consideration following...

Same Old Market Anaesthesia

As the election dust continues to settle the level of confusion seems to be rising. And as regards “The Trump Rally" keep in mind that the view from 20,000 feet saw the SPY hit a high of 219.60...

Market Confidence: 4 Things I Think I Think

Everyone wants to know the future; we crave it because we think it defines our safety. But no one can predict it. What we can do is be confident of a few things (and some of these may...

Too Close to the Flame

Marching through the final month of the year in amongst a ridiculously over-analyzed election result, the mind-bending Trump coverage on the Carrier deal (all bad, of course), internal shifts between market sectors, the slippery slope in the bond...

And Then the Paradigm Shifted

What a path we’ve travelled in 2016. Think back to the first few weeks of the year – the worst start in eight decades – to now. We started with calls for a terrible year. The red ink...