Kind of, pretty much, just about divided government
The S&P 500 Index is up an extraordinary 16% since election day – November 3, 2020. As we think back on the past 10 weeks, we arrive at two primary catalysts for the market’s remarkable run: dramatic breakthroughs on the COVID-19 vaccine front and a…
To Better Times
While we may have turned the page on 2020, the challenges and uncertainties of the old year have followed us into the new year – the coronavirus continues to ravage our country and we still don’t know what party will control the US Senate, and…
Dr. Daniel Crosby’s 21 Financial Resolutions for 2021
Financial progress comes second only to goals around diet and exercise when it comes to New Year’s resolutions, and yet, many folks don’t know where to get started when it comes to mapping out a financial future. While most of our resolutions understandably tend to…
How to spot a bubble (Hint – keep an eye out for Tom Hanks)
Several financial publications have recently argued that US equities are in a bubble. A bubble being a point in time when the price of an item runs far above its real value, driven in large part by irrational investor enthusiasm for the asset. The catalyst…
To paraphrase Yogi Berra, what can we observe by watching gold and copper?
The late, great Yogi Berra, in addition to winning 10 World Series with the New York Yankees, was the creator of numerous classic malapropisms, including, “You can observe a lot by just watching.” In that spirit, we turn to two of the world’s most important…
Is Washington, D.C. about to give the markets another Christmas present?
As we move deeper into December, many of us are being handed Christmas lists by our children. In the case of my son, his list is heavy on video gaming hardware, most of which won’t be available until well into 2021 (which might not be…
In a big November, small caps come up REALLY BIG
As we take pen to paper for this Weekly Wire we have one trading day left in November, and what a November it has been for our country, our economy, and our stock market: We saw our way through the most contested and divisive Presidential…
Considering the long-term economic consequences of COVID-19
COVID-19 is first and foremost a healthcare crisis, and its impact on the world has been devastating. That said, as investors, we must try to determine the long-term economic consequences of the pandemic. Below are some economic developments we think the virus is bringing about…