With the Dow starting the week on an 11-day winning streak it is safe to say the animal spirits are alive and well on Wall Street. This isn’t necessarily a reason to sell stocks immediately, but it should be a reminder the potential for future gains is limited.
I was traveling this week conducting seminars for our advisors and their clients. After my prepared remarks one evening the Q&A turned into a lively hour long “town hall” type format. It became obvious many of the people in the room share what a large
Stocks are at all-time highs despite the non-stop assault on President Trump in the media. For the past few months I’ve been discussing behavioral biases and how they can cause us to sometimes make bad decisions. Since the election (you know the one where all the “experts&
This week the stock market continued its impressive bull market run with the S&P 500 crossing a milestone level — a market capitalization of $20 Trillion. While most of the market participants took this as a positive sign, it reminded me of one of the most reliable predictors
Last week I used the historic Super Bowl comeback by the Patriots as an example of why it is so difficult to make predictions with much confidence. I ended the week discussing the target price for the S&P 500 based on earnings estimates & the expected Price/Earnings
