Aug 20, 2013
Earnings season is completed, tapering is about to begin sometime, another Arab Spring failure with Egypt, the government is running out of money, the economy is slowing, and everyone is on vacation. No wonder the stock market is selling off.
Aug 13, 2013
“The future isn’t what it used to be.” -- Yogi Berra Many of the uncertainties present at the start of 2013 have been resolved. Markets seem to understand, but listening to market strategists and the headline news tells a different story.
Jul 30, 2013
“The stock market is nonetheless a barometer of business, but it must be read in causes rather than effects.” -- Bernard M.
Jul 22, 2013
According to the Bespoke Investment Group, about 150 companies, or 10% of the total universe, have reported 2Q2013 earnings. Of this total, 69% have beaten earnings estimates. Revenue beats continued to be weak with barely 50% surpassing estimates.
Jul 16, 2013
Rates on the benchmark 10-Year Treasury rose from 2.06% prior to the Fed June meeting and rose to 2.71% on July 5th, since then it has fallen back to 2.55% today.
Jul 02, 2013
This is not an invitation for the 4th of July picnic, but a clarion call for the return of the US economy to the “Old Normal” as the rest of the global economy struggles through a mid-course correction.
Jun 26, 2013
The initial response to Chairman Bernanke’s statements on gradual withdrawal from quantitative easing has been negative across the investment spectrum with exceptions the US dollar and energy, sectors reflective of economic growth.
Jun 19, 2013
“Waiting for Godot” -- Play by Samuel Beckett In many ways the absurdist play written by Samuel Beckett is a metaphor for the current discussion of future Fed policy.
Jun 05, 2013
As the investment world spends untold hours analyzing and modeling the potential outcome of a Federal Reserve policy change, the economic landscape trudges toward a natural rate.
May 30, 2013
As all eyes are focused on the potential problems of the unwinding of QE3, Europe merrily goes about what it does best, nothing. With the crisis averted last year, the much anticipated reforms have not materialized.