The calendar is modest, with the big reports all hitting last week. Investors will never have more current information on the economy, the Fed, corporate earnings, and various risks than they do right now. It is difficult to guess what the punditry will do when given an open slate. We should be asking: Should we […]
After another bad week in U.S. equities and a worse week in emerging markets, some are starting to question the strength of the global economy. Can the slow and prolonged recovery be derailed by some ill-chosen policies in a few small countries? Are we hostage to some bad hedge fund trading decisions, the way we […]
The verdict from traders and the punditry is in: The bungling Washington politicians have merely “kicked the can” and we must all revisit the same problems in 90 days. The prevailing sentiment is extremely negative. The Yahoo Finance polls are not a scientific sample, but they are a reflection of attentive investors. In asking how […]
The economic recovery, to the surprise of nearly everyone, has been consumer-driven. This has occurred despite increased savings and an overall improvement in household balance sheets. Businesses have been cautious to invest and to hire. State and local governments have been slashing spending and employees. I expect a week with a consumer focus. It starts […]