Maybe GDPNow can give us all a bit of serenity now
Stocks are correcting, the yield curve is inverting, and US/China relations are deteriorating. If there was ever a time we could all use a bit of ‘serenity now’, well, it might be now. In all seriousness, it has been a very bumpy month. Since the…
Why we’re not concerned China will “go nuclear” on US debt
As US/China relations take a turn for the worse, we are increasingly asked if China might seek to punish the US by liquidating its portfolio of US Treasuries, a course of action often referred to as “The Nuclear Option.” Given that China is the largest…
Baby boom – Great for economic growth, but there isn’t one in sight
At a high level, two factors drive economic growth: 1. growth in a labor force (e.g. more people working this year versus last year) 2. growth in productivity (e.g. people producing more this year versus last year). So, the basic formula for growing an economy…
Love and money
“Money is not the most important thing in the world. Love is. Fortunately, I love money.” – Jackie Mason Have you had a disagreement with a loved one recently about money? If so, you’re hardly alone. An American Express survey found money took the top worry…
A lot can happen in two weeks
A lot can happen in two weeks – and you don’t have to be a fan of the great romantic comedy Two Weeks Notice to know that – just take a look at the economy and markets. (I do believe Sandra Bullock and Hugh Grant are both…
The bond market is behaving – and that’s good news for stocks and the economy
Ask most folks the question, “How is the market doing?” and they will likely quote the day’s closing price for the S&P 500 Index or provide the year-to-date return for the Dow Jones Industrial Average. That’s understandable, given we often gauge near-term prosperity and economic…
A good rule of thumb for valuing the market
Coming into 2019, Brinker Capital believed if we could solve for monetary policy risk and trade policy risk that the economy and markets would be biased higher. Well, so far, we’ve received more good news than bad on both fronts, and risk assets and the…