I can’t believe I’m writing this, but we are in the final quarter of the year!  I’m glad for the cooler weather that came over the weekend, but I will miss the long summer days. Investors are probably glad that…

The big news recently, aside from the imminent return of college football, is that Fitch, a bond rating agency, has downgraded its rating of US government bonds from AAA to AA+.  This downgrade by Fitch is the second time in…

Happy summer! As we head into the second half of 2023, I wanted to take a moment to look back on how the year has started.  It’s been a good, or possibly even great, start to the year for stocks,…

I hope you all had a fantastic Memorial Day weekend and are excited about the summer season ahead. I, for one, am looking forward to longer days and maybe a couple of vacations. I hope you get to enjoy some…

The month of April saw little change in the major stock indices as volatility fell to the lowest levels since November 2021. This occurred even though money supply, as measured by M2, is in the midst of its steepest decline…

A lot has changed in the last month, so I wanted to provide you with an update on recent events in the financial markets. Notably, there have been failures of some regional and international banks, which, combined with ongoing uncertainty…

The month of February brought a reality check for investors hoping for a “soft landing” for the economy. Sticky inflationary readings over the past few weeks have resulted in higher interest rates and rising bond yields, which often lead to…

As expected, the Federal Reserve raised the Federal Funds rate by 25 bps in early February, the smallest increase since the beginning of the rate hike cycle. The market saw this as positive, with the S&P 500 rallying despite Chairman…

Happy New year!  I hope that your holidays were great and that 2023 is off to a great start for you.  I just caught myself signing a document “2022,” so I think it’s going to take me a while to…