Last week, I mentioned being cautious about reading into market moves over the summer. It doesn't mean we can't completely ignore what is happening. Losses are losses and gains are gains. I highlighted 3 Themes that are worth watching. This week, the market is conflicted with two of the themes
Summers are typically the time in the markets where it is difficult to get a read on the direction of the investment markets. With large amounts of decision makers and clients on vacation you typically do not see much in the way of large allocations to help us determine the
Moving into the second half of 2021 I thought it would be timely to take a walk through SEM's Economic Model to give us an idea of where we stand economically. The markets are obviously pricing in a spectacular recovery and we won't know until the fall what the economy
The first half of 2021 was impressive. The S&P 500 returned 15%, nearly double its long-term average annual return! With nearly all aspects of the economy reopening, the expectation is for strong economic growth, which has investors expecting strong earnings growth. This enthusiasm has led to
I've often used the analogy of treating a cancer patient to describe how our monetary and fiscal policy leaders have treated a recession. A doctor has two goals when treating cancer. The first is the most obvious — eliminate the tumor. The second is to make the patient as comfortable as
