Tuesday’s market meltdown of -4% off a bad CPI print warrants both comment and context. Here goes. Since 1950, the market... read more →
Economic demand destruction well underway The excessive monetary and fiscal stimulus of 2021 led to a demand spike that resulted... read more →
A few quick takeaways from this morning’s payroll report: Non-farm payroll for August 2022 grew by +315,000, right in line... read more →
It’s a fabulous Tuesday morning. Schools in Maryland have opened, and the weather is starting to moderate. Now, we need... read more →
Over the past 8 months, financial conditions have tightened a lot. Interest rates higher, mortgage rates higher, and a stronger... read more →
The Fed convenes later this week at Jackson Hole for their annual meeting/retreat/gathering/etc. Agenda looks like Wednesday night dinner, Thursday... read more →
Higher interest rates and tighter financial conditions are clearly now impacting demand. It took 3-4 months to take effect, but... read more →
While the excessive money printing and fiscal stimulus of 2021 is the primary cause of above trend/pronounced inflation, it’s the... read more →
Succession planning is an important piece of practice management for independent advisors, and it is an issue many advisors are... read more →
When we quote investor “sentiment”, there’s three big data points we look at: the put/call ratio, the bull/bear ratio, and... read more →