The S&P 500 rose 24.2% last year after falling 19.4% during 2022 (chart). Since the start of the…
Copper is often described as the shiny metal with a PhD in economics because it provides useful insights into global economic activity.…
Meltups and meltdowns in the stock market are mostly attributable to rapid increases or decreases in earnings valuation multiples. The current meltup…
Bond yields continued to fall today on December's weak manufacturing regional surveys conducted by five of the 12 Federal Reserve…
While almost everyone (except us) has been waiting for a recession and debt crisis in the United States, we've observed…
Merry, happy, joyful, and jolly are just some of the adjectives used to describe this time of year. We hope your holiday…
The current issue of Barron’s includes the 2024 S&P 500 targets for six investment strategists including yours truly. Our…
The stock market came roaring back today led by the stock prices of companies that are benefitting from the Roaring 2020s. Strong…
Everybody in the stock market (at least everybody with long positions, which includes most investors) has been happy since the S&…
The bears who still expect a recession base their arguments on historical precedents: At times in the past when economic indicators were…
Real GDP is now estimated to be up 2.7% (saar) during Q4, according to the Atlanta Fed's GDPNow tracking…
What have we learned about inflation over the past year? One of the main reasons that the US doesn't need…
