Global stock markets, almost every single one, have been hitting on all cylinders lately. In fact, some of the best recent performance has been in areas of the market – cyclicals like energy and financial services – that have not…
A “Blue Wave” trade developed over the past two weeks in which investors bought stocks that would theoretically benefit from a potential $5-6 trillion dollar infrastructure spending and stimulus bill (which Democrats have been pushing for). This put a strong…
Thoughts ahead of this week’s Federal Reserve meeting: Investors expect that the Federal Reserve will ease 25 basis points. This time there is very little expectation that a stock rally will follow. There might be one if the Fed unexpectedly…
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 will not come true. I believe the Fed will ease…
I'm headed to New York for a CFA conference as well as a few manager meetings. Before I go I wanted to share a few observations: A stock market correction is upon us, obviously. Support for the S&P 500 is…