When the market goes up, it is said, it takes the stairs; when the market goes down, it takes the elevator. Today’s market performance was a result of the President’s tweet indicating that he will add an additional 10% to $300 billion in imports from China. We quickly do the calculation and figure that adds up to $30 billion. (How …
Global Interest Rates
While the market seems to be on a rocket ride this year, we may want to move back a little bit and take a look at the market over the past two years. Frequently we look at and are told about the market’s Year-to-Date return. In 2019, it looks fantastic. Who can complain about a 20% plus return in the …
Federal Reserve
Yesterday the Federal Reserve gave us an idea of what they were thinking for 2019. The market does not like it and is showing it with its actions. It is my opinion, that both the market and the Federal Reserve are wrong. Let me explain. The Federal Reserve has a dual mandate; full employment and price stability. As the chart …
Greece in Focus
The equity markets seem particularly roiled today as a result of the failure of the ECB and Greece to come to a deal on their debt. While this is great news for traders, as it increases the volatility of the markets, it is really a yawner for longer term investors. Here are several reasons why: First, Greece is just not …