Bad news is good news right now for investors. It seems the uglier the economic data, the more excited they become. The reason, as we cited last week was the belief this will lead to Fed interest rate cuts sooner rather than later. Investors are conditioned to believe anytime the
On Tuesday, stocks posted their best single day jump since December. Earlier in the day, the financial media attributed it to a Chinese official saying the trade dispute with the US should be resolved with “talks”, not retaliatory tariffs. Later in the afternoon, the media said the rally
At the end of April the S&P 500 (barely) reached a new all-time high. The next day, Federal Reserve Chairman Jerome Powell mentioned the slowdown in the economy is likely “transitory”, which is Fed-speak for temporary. This seemed to remove the prospects from traders’ minds about a rate
The last few months I’ve periodically pointed out some stress points that all investors should be wary of as the economic expansion and bull market approaches record length. While the Federal Reserve capitulated to the constant pressure from the president and Wall Street’s panic in the
Happy March 14th! No, it isn’t really a holiday, but there are some exciting things around the corner. A week from now, millions of brackets will be busted just hours into the NCAA basketball tournament, which is one of my favorite events of the year. People who haven’
