Last week I walked through our economic model in great detail. With the markets closed on Monday for Martin Luther King, Jr. Day today's musings will be quite brief.
Let's start with the DATA we presented last week (click here to review) which clearly shows the economy is at best
Throughout May the fear for many market participants was the US economy was heading into a recession. Last week, stocks and bonds staged an impressive rally with the riskiest of assets rallying the most. The justification from market commentators was interesting.
It's been bad enough trying to remember what day it is the past 11 weeks. Throw in a Monday holiday and we'll be confused all week. Today feels like Monday, with a slightly refreshed feeling thanks to an extra day away from the computer screens. More importantly, despite the "hardships"
At a time when there is so much angst on the damage the escalating trade war may have on corporate profits, we seem to be losing focus on the fact corporations are expected to post some impressive earnings growth over the next few years. The biggest boost in profit expectations
Early in my career I was a “fundamental” analyst. This meant pouring through financial statements, digging into what made an industry work, making economic predictions, and then applying that to the earnings of a specific company. I quickly learned how hard it was to consistently be right (or
