The 'new economy' we discussed last week took a hit. A weaker than expected jobs report sent stocks higher for most of the day on Friday. This followed the largest sell-off since April of this year after Fitch downgraded the US credit rating. Interest rates on Treasury Bonds
If you've been involved in economics or finance for even a handful of years, you've probably already seen at least one "new era". If you've been around as long as I have you've seen at least 3 or 4 of them. As humans, it's easy to get sucked into this
Human nature doesn't change. We all have our own natural biases which we use to make difficult, if not impossible decisions. We've spent several decades helping investors and advisors understand ways to overcome these biases to avoid doing damage to their long-term financial success.
The best way to overcome our
What a strange world we live in. On Wednesday the latest inflation reading showed the annual inflation rate dropping to 3%. Stocks rocketed higher on the news because in May the annual inflation rate (according to the CPI) was 4%. As we outlined last week, the "no landing" case has
2023 started with forecasts of such a sharp economic slowdown the Federal Reserve would not only stop raising rates but would cut them before the end of the year. As consumers continue to spend money despite high inflation and high interest rates the forecasts have now shifted to no recession
