There’s no place like home
Most of us have been spending an extraordinary amount of time at home, and if we are lucky – as I am – we have been healthy, employed, and surrounded by loved ones. There really is no place like home, which brings us to the…
Don’t fight the Fed. And, maybe the Federal Government too
Among the better-known Wall Street maxims is “Don’t fight the Fed,” which speaks to the idea that monetary policy and the trend in interest rates determines the direction of the stock market. Or, more specifically, when the Fed is lowering, or keeping interest rates low,…
Two bits of good news. And, what are two bits, anyway?
The economic headlines of late have been driven by – and understandably so – BIG pieces of news, both bad and good. There was Q1 GDP contracting by 5% and an April unemployment rate of 14.7%. Conversely, there was the unprecedented policy response to the…
What small caps might be telling us about the economy and the market
For a big country, we sure have an affinity for little things. Think TV shows: “Tiny House Nation”; sayings: “Big things come in small packages”; and children’s books: “The Little Engine That Could” as being among the more obvious examples of our love of things…
What history will COVID-19 write?
The COVID-19 pandemic has made history in more ways than one, including catalyzing an economic downturn that cost the US more than 20 million jobs and a policy response that saw the Federal Government pass the $2.1 trillion CARES Act, the largest ever US economic…
Phish are always in season
Some of my fondest childhood memories were made in the Adirondack Mountains of upstate New York. In particular, fishing for rainbow trout in the clear cool water of Bear Creek. My father once shared a memory of his youth, fishing the creek with his Uncle…
The market as a leading indicator…for the market
We frequently write about the stock market as a leading indicator of the real economy. The idea being the market will anticipate the economic environment to come, rallying in the face of awful economic news and selling off in the face of constructive economic news….
Focused expertise
There have been many restrictions placed on the normal rhythms of life in response to the COVID-19 pandemic. The interactions we typically take for granted such as going to restaurants, spending time with friends, working out at the gym, and traveling on vacation have all…