Extremes

Extremes The Billy Joel channel is back on Sirius XM this month (channel 79, if you care) and it has become my go to channel in the car. Thursday, on my way home, they played “I go to Extremes” and I couldn’t help but think about the stock market. Markets tend to go to extremes, […]
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All Roads Lead to Rome

All Roads Lead to Rome The Fed came out with their new ‘dot plot’ this week and based on the results, you’d think the economy is just rolling along. But initial unemployment claims were telling another story as initial claims hit 242,000last week, well above the 225,000 estimate, and is now trending upward once again. […]
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The Big Picture

The Big Picture One of the great problems writing this missive from week to week is getting too buried in day-to-day events. When that happens, it is very easy to lose sight of the big picture – the very big trends that often occur less than once in a lifetime, but can have monumental impact […]
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Short Takes for a Long Weekend

Short Takes for a Long Weekend A Tentative Green Light The ‘most important event this week’ was the earnings report from AI leader, NVIDIA (NVDA) on Wednesday afternoon. The good news is that earnings exceeded expectations once again, the company announced a 10-for-1 split and the stock hit a new high in excess of $1,000. […]
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A Taxing Situation

A Taxing Situation Everyone believes that they give more than enough to Uncle Sam and are reticent to voluntarily give any more. Quite often, we come across a situation where a client has an outsized position in one or several stocks and they won’t sell any because of the tax implications, even if the long […]
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Choppy Waters

Choppy Waters After an amazing melt up since last November, the stock market has become choppy lately. When that happens, there is typically a ‘push-pull’ occurring that has the market uncertain of its next direction. In this case, the push higher is based on a growing economy and the presumably strong earnings that will bring. […]
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Things Are Not Always as They Appear

Things Are Not Always as They Appear There is an old saying about Wall Street prognosticators: Often Wrong, Never in Doubt. The first problem with prognostications is that they are typically very short-term oriented. The second problem is that they often hide counterintuitive facts. The third problem is they contain their own behavioral biases. Since […]
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