Despite a one-day scare last week, the stock market closed the week near its record high. The 'scare' came in the form of an increase in the rate of inflation. This threw cold water on the thought the Fed would slash interest rates up to 6 times for a
One of the most difficult things to understand about the investment markets is the response to various events is not always logical. If I had told you a few months ago that Israel was going to be attacked by Hamas sparking a declaration of war which included the US military
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
“Markets can remain irrational longer than you can remain solvent” – John Maynard Keynes
“Quotations fluctuate constantly, reacting often illogically to all sorts of temporary and even trivial influences.” – Benjamin Graham
“The Stock Market is the story of cycles and of the human behavior that is responsible for overreactions in both
2022 was the worst year for stocks since the financial crisis. The year started with the worst performers of 2022 posting some impressive results the first 5 weeks of the year. After, the inevitable bounceback reality set in. There were plenty of risks in play – a looming recession, on-going
