The US Remains Strong What a difference two weeks can make? We went from new highs in the stock market to only being up a small amount for the year. There are reasons to be concerned and while some people are starting to panic, I don’t believe the time is quite right to call the […]
Just Waiting The stock market has eked out a small gain for the first six months of the year. Apart from a few massively overvalued technology stocks, the majority of stocks in the market are roughly flat to lower at the midpoint of the year. It’s as if most investors are waiting for something to […]
Everything Has Changed Three months ago when I wrote the January newsletter, the stock market was moving unstoppably higher as everyone talked incessantly about higher interest rates and a growing global economy. I called it a “melt up” rally which often presages a decline in stocks. At the time, Amazon, Netflix, and Facebook were the […]
Beltway Blues We’re having another good year in the stock market. The S&P500 is up 12.5% year to date while our accounts are somewhere in that neighborhood. You can see from the chart below that’s been a veritable straight shot up since the depths of early 2016. With the continuation of these strong returns, you’d […]
The Best of Times To borrow from Charles Dickens, “it was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness… “Dickens was writing about the time just prior to the French Revolution but I suspect we can apply his words to the […]
For What It’s Worth I’ll end the year with a classic from the Buffalo Springfield that gave us the memorable lines: “There’s something happening here. What it is ain’t exactly clear” and “there’s battle lines being drawn. Nobody’s right if everybody’s wrong.” The song, written in late 1966 just as our nation started its move […]
