Is 2016 the Year of the Value Trap?

Wall Street loves to name things. The unofficial definition of a “value trap” is a cheap stock that is stuck around the current price. Those who focus on what happened in the past have a big advantage. They can cite facts, past performance, and explanations that make them seem to be really smart. They are […]

Read More

Weighing the Week Ahead: Will Earnings Expectations Sustain the Rally in Stocks?

This week’s calendar includes a pretty normal schedule, but not the most important economic reports. There will be an abundance of FedSpeak, with questions about last Friday’s employment data. Despite this, the real story will be the start of earnings season. Expectations are pretty low. Statements about the outlook are always important, but that is […]

Read More

Weighing the Week Ahead: A Message from the Bond Market?

Last week’s wild trading defied any simple explanation. That always sets the table for pundit pontification! We are still a week away from earnings season. Bond, stock and commodity prices are moving in different directions. I expect this divergence to be a focus of attention, with many asking: Is the Bond Market Sending a Message […]

Read More