The Noise: The Fed
The Full Story: On Wednesday, the Federal Reserve chose to leave rates unchanged for the fourth consecutive meeting. Market participants (i.e., algorithms) scrutinized every word
What to Expect When Wall Street is Expecting
The Full Story This time last year, pessimism reigned. Wall Street strategists were nearly unanimous in their prediction that 2023 would provide businesses with a
The #1 Thing
The Full Story: As this year closes, I am particularly grateful that our optimistic outlook for 2023 came to pass. Our primary investment thesis contained
The Everything Rally
The Full Story: On Wednesday, Chairman Powell finally said what most of the investment world has been thinking: With inflation falling convincingly, it’s time to
Migrating to Mandate #2
The Full Story: The US Central Bank has two congressional mandates. First, maintain stable prices. They must pursue monetary policies that limit inflation/deflation and price
Rally Resilience
The Full Story: S&P 500 earnings declined (compared with year ago levels) in the 4th quarter of 2022, the first quarter of 2023, and the
Go With the Flow
The Full Story: Santa has delivered! The S&P 500 now has advanced 10% of the Halloween lows. Even more encouraging, participation has broadened beyond the
PEG-ing This Market
The Full Story: The market advanced for an eighth straight day through Wednesday, the longest streak since 2021. From here, some consolidation feels appropriate, and
The Noise: The Fed
The Full Story: On Wednesday, the Federal Reserve chose to leave rates unchanged for the fourth consecutive meeting. Market participants (i.e., algorithms) scrutinized every word
What to Expect When Wall Street is Expecting
The Full Story This time last year, pessimism reigned. Wall Street strategists were nearly unanimous in their prediction that 2023 would provide businesses with a
The #1 Thing
The Full Story: As this year closes, I am particularly grateful that our optimistic outlook for 2023 came to pass. Our primary investment thesis contained
The Everything Rally
The Full Story: On Wednesday, Chairman Powell finally said what most of the investment world has been thinking: With inflation falling convincingly, it’s time to
Migrating to Mandate #2
The Full Story: The US Central Bank has two congressional mandates. First, maintain stable prices. They must pursue monetary policies that limit inflation/deflation and price
Rally Resilience
The Full Story: S&P 500 earnings declined (compared with year ago levels) in the 4th quarter of 2022, the first quarter of 2023, and the
Go With the Flow
The Full Story: Santa has delivered! The S&P 500 now has advanced 10% of the Halloween lows. Even more encouraging, participation has broadened beyond the
PEG-ing This Market
The Full Story: The market advanced for an eighth straight day through Wednesday, the longest streak since 2021. From here, some consolidation feels appropriate, and
