Notes and Thoughts Ahead of this Week’s Federal Reserve Meeting
Investors expect that the Federal Reserve will ease 25 basis points and that stocks will rally as a result. My feeling is that since this is the overwhelming consensus, it…
2Q19 Quarterly Perspective
SUMMARY The second quarter of 2019 is in the books, as they say, and it was another good one for both stocks and bonds. US equities once again outperformed both…
Market Perspective for 6/28/19
The S&P 500 is up close to 4% since the last Update and about 6.5% since the June 3rd low.[1] And yet, nothing really seems different in terms of the…
Quarterly Perspective for Q1 2019
Summary Stocks rebounded sharply in the first quarter as investors reacted favorably to the Federal Reserve’s change of heart on interest rates. When Fed chairman Jerome Powell said back in…
Trademark Market Perspective for 3/18/19
The Great Bull Market The bull market began on March 9th, 2009, so at this point the Great Recession is completely gone from 10-year performance results. To a large extent,…