On Wednesday the stock market got spooked when the Fed minutes revealed a lengthy discussion about how & when the Fed will begin to unwind its balance sheet. Many people have forgotten that it is NOT NORMAL for a central bank to hold so many assets on their books. In
For 9 years I’ve been talking about the unintended consequences of the Fed’s policies. The growth rate of the economy during this bull market has been the worst on record, yet it is now the third highest gaining bull market in history. What happened? The Fed
The first quarter is in the books with the S&P 500 closing up 5.5%. Given this impressive performance for US based large cap stocks, you would think it was a quarter of good news. Unfortunately for long-term investors it was a quarter based on EXPECTATIONS of FUTURE
Back in 2011 I marked the 30th anniversary of the day President Reagan was shot with a look at the impact he had on our economy. While he was a great president in many ways, the DATA shows his policies ushered in a “new era” where debt was
The overwhelming enthusiasm towards the new president and his “pro-growth” ideas is being met with a dose of reality as investors are reminded how difficult it is to get anything accomplished in Washington.
Last week we saw how 26 members of the Freedom Caucus broke the market.
