We all know simply changing the calendar doesn't change the environment, but after enduring all the terrible things we faced in 2020, most of us were hoping 2021 would be nothing but good news. That hope was shattered on the 6th day of the year last week. I think we've
Modeling the economy is especially difficult. It's over $20 Trillion and has hundreds of moving parts. I created our economic model back in 1995, a time when I had to go to the library to get the data out of a book once a quarter. By 1998 I could access
Winter has arrived here in Virginia. We woke up to snow flurries south of Richmond. You'd think with virtual school there would be no more snow days, but that is not the case apparently even with the snow not sticking to the pavement and expected to be done by 10
This morning we woke up to some encouraging news on a Coronavirus vaccine. 35 weeks after the US began to panic, it seems investors/speculators are banking on a huge economic comeback. We'll leave the speculation to them and stick to the data.
A quick assessment from SEM founder and CEO Rick Gage on the current market action and SEM's positioning/response:
The pre-election sell-off last week was interesting in that Treasury Bonds did not rally as they typically do when there is a “risk-off” trade. It will be something to keep on
