Special Report: Liberation Day? Not So Liberating.

Liberation Day? Not So Liberating. President Trump’s so-called Liberation Tariff Day wasn’t very liberating for the stock market or the broader economy. As we’ve consistently said, markets hate uncertainty, and right now, we’re facing the most consistent uncertainty we’ve seen since the early days of COVID. Our view is simple: the tariff terms announced are so extreme that […]
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April 2, 2025: “Liberation Day” or Policy Wild Card?

April 2, 2025: “Liberation Day” or Policy Wild Card? Dubbed “Liberation Day” by President Trump, April 2 is shaping up to be a pivotal moment for U.S. trade policy—not an April Fool’s prank, but a serious shift with potentially far-reaching implications. That said, given the administration’s historically erratic, start-and-stop approach to tariffs, uncertainty still looms […]
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Bottom Fishing

Bottom Fishing We’ve recently experienced a 10% market correction and that can feel unsettling. But keep this in mind: 10% corrections are normal, occurring about once every 12 to 18 months. In many ways, they’re healthy, helping to cool off excessive optimism and bring valuations back to more reasonable levels. The big question is, how […]
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What A Long Strange Trip It’s Been

What a Long Strange Trip It’s Been Wall Street worries are abundant these days and we suspect much of the problem is that investors have been spoiled with much higher-than-average market returns for a long time. That era may be coming to an end, which means we need to adjust our thought process. Since the […]
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Fear, Greed & the Average Investor

Fear, Greed & the Average Investor Understanding the role of fear and greed in the stock market is crucial for investors seeking to make good investment decisions. While these emotions can create opportunities, they can also lead to costly mistakes if not properly managed. Both fear and greed lead to extreme market conditions, which, in […]
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A New Lead Dog?

A New Lead Dog? It was a tumultuous week and although the S&P 500 was only down about 1% for the week and 3% from the all time closing high last week, it sure felt a lot worse. The S&P500 had broken key technical levels on Thursday and Friday was uneventful until the end of […]
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The Uncertainty Principle

The Uncertainty Principle The uncertainty principle is a fundamental concept in quantum mechanics. It states that there is a limit to the precision with which certain pairs of physical properties, such as position and momentum, can be simultaneously known. In other words, the more accurately one property is measured, the less accurately the other property […]
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