When Jesus spoke of the man who built his house on sand, He wasn’t warning us about construction codes. Instead, He was warning about the danger of confidence without substance; about basing your beliefs on something that has no stability. A foundation that looks solid in calm weather can
Keeping in mind that past performance is not a guarantee of future results and that things can change in the future, let's keep a few things in mind:
1.) Over the very long-term (15+ years) the stock market goes up.
2.) Over shorter periods of time (1 month) stocks are
In a world where economic certainties are increasingly rare, the Federal Reserve’s latest rate cut announcement and the so-called “agreement” between the U.S. and China offer only temporary relief from deeper, long-term challenges. The markets may cheer short-term wins, but beneath the surface, unprecedented monetary stimulus, fragile global
I'm traveling this week and over the next several weeks will be speaking at some conferences to give our assessment of the economy, markets, and our "outlook" for the year ahead. Long-time readers know that we do not make forecasts (since we follow the data and the data will change)
There’s an old saying in finance—and pest control—that if you spot one cockroach, there are probably dozens more hiding in the walls. Over the past few weeks, a few unsettling examples have crawled into the open: some below the surface companies unraveling under the weight of opaque
