The Market Is Trading on Fundamentals, Not Speculation

The Market Is Trading on Fundamentals, Not Speculation There’s a narrative circulating that today’s stock market resembles the late 1990s dot-com bubble. While there are similarities surrounding excitement over artificial intelligence, the underlying market fundamentals tell a very different story. This market is not being driven purely by speculation. It is being driven by earnings. […]
READ POST

WARNING! Use Extreme Caution! | January 1, 2022

WARNING! Use Extreme Caution! “After two years of ‘up, up, up’ this must be a great time to be an advisor – it just doesn’t get much easier than this!” This theme was more common than expected as we exchanged holiday wishes with friends and clients. The reality is just the opposite. This environment is […]
READ POST

The Long and Short of Interest Rates | February 27, 2021

The Long and Short of Interest Rates When the week started, it appeared that short-term rates would be the ‘story of the week’ due to a planned drain of Treasury cash (See “Are Negative Rates Coming Despite Fed Opposition”, below.) However, on Thursday, long-term rates took center stage as the 10-year yield jumped from a […]
READ POST

When it Absolutely, Positively Has to Be There… | February 20, 2021

When it Absolutely, Positively Has to Be There… Those old enough will probably recognize our title from the iconic Federal Express tagline ‘When it absolutely, positively has to be there overnight’. When the pandemic hit almost a year ago, one of the key words of the time was delivery. Groceries were delivered in record amounts, […]
READ POST