Over the past week, the consensus has been built that the US economy is about to embark on a historic boom. The parallel many are using is the Post World War II boom where the government had a "blank check" to rebuild the country's economy. Treasury Secretary Janet Yellen was
Most of the country is experiencing the coldest temperatures of the winter, which is fitting given the current state of the economy.
The market is ignoring the current data and focusing on the months ahead. They are fully pricing in a tremendous recovery based on three things:
Last week as we crossed the 200,000 death total in the US we crossed the 6 month anniversary of "15 days to slow the spread" of the Coronavirus. From the outset I have cautioned us from using Hindsight Bias to question decisions made at the time. We've certainly learned
The most often asked question during my client and advisor presentations the past four months has been "why is the stock market rallying so much with so many people out of work?" Ignoring the long-term impact on economic growth due to the ballooning debt obligations, the CARES Act has played
As we start the 20th week of the Coronavirus panic in the U.S. in many ways it feels like we haven't made much progress. Cases are spiking in two heavily populated states, schools are trying to determine what they should do with their students, Congress is arguing over what