Omicron & The Fed Upend The Markets
After a week away for the Thanksgiving holiday, we are happy to be taking pen to paper to share our thoughts on the economy and markets. While our Thanksgiving was great–and we hope yours was too–the post-Thanksgiving period has been anything but for investors. The…
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…
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…
When it comes to the election, what is the market “pricing in?”
Investors pay attention to the stock market not just because they are investing in it, but because they consider the market one of – if not the most – accurate of all leading indicators. Said differently, the market, in its infinite wisdom, will lead the…
Have we seen this movie before?
Before we dive into the weekly wire there are two BIG disclaimers we need to address. First, we are not determining which political party bears responsibility for the state of fiscal stimulus negotiations. Second, I am a horrible negotiator—be it trying to work out a…
An unsettled world becomes more so
An unsettled world – a pandemic, a contentious election, a strained political and cultural discourse, unrest in our streets – has become more so with news President Trump and First Lady Melania Trump tested positive for COVID-19. We wish them a very speedy recovery and…
Show me the money
You can count us among the world’s cinephiles, with a particular and deep appreciation for the cinematic work of the late, great Burt Reynolds. When it comes to remarkable movies, they all seem to have a few things going for them, including a first-rate cast,…