Imagine a world where headline inflation is reported at 5% and the stock market rallies. That's exactly what happened last week. I received several questions from advisors and clients asking how that can happen.
The simple answer is "the market already expected this." We are comparing prices and economic activity
The economic recovery should be back in full force with anybody who wanted to be vaccinated already receiving their vaccinations, the CDC essentially saying those who are vaccinated can do whatever they want, the number of new COVID cases at very low levels, and pretty much every state fully lifting
We paused on Monday to remember all those who sacrificed their lives to defend our freedom. As I've said many time, we live in the greatest country in the world because in times of crisis Americans have always come together to sacrifice for the good of the country. I've always
Stocks have essentially gone nowhere since mid-April. It seems all of the catalysts that led to the parabolic rally in the market for the past year have come and gone. Now the question is – what's next?
For most of this year we've talked about the 4 pillars of the rally:
Based on the sensationalized headlines last week, one would think the market was at risk to give back all of its gains. This came on the heels of a much worse than expected inflation number on Wednesday. While "base effects" which is economists speak for what things looked like a
