We’re Off to a Slow Start.

We’re Off to a Slow Start.

December is usually the best month of the year for the stock market. It has been since 1950, according to Randall Forsyth of Barron’s, but not so far this year. Two issues made investors particularly uncomfortable last week which helped trigger a sell-off that pushed...
Hold On to Your Hats!

Hold On to Your Hats!

Recently, stocks have delivered a wild ride. During Thanksgiving week, U.S. stock markets took investor uncertainty on the chin, suffering a 3.8 percent drop, which was the worst performance in eight months. Then, last week, stocks reversed course. The Standard &...
Why Did the Stock Market Fall When the Economy is Doing Well?

Why Did the Stock Market Fall When the Economy is Doing Well?

The answer is that one reflects the past and the other anticipates the future. Last Friday’s advance estimate from the Bureau of Economic Analysis showed the U.S. economy grew 3.5 percent during the third quarter of 2018. Harriet Torry of The Wall Street Journal...
It Wasn’t Headline News…

It Wasn’t Headline News…

But, if newsprint was still popular, last week’s key economic news would have appeared below the fold. The Federal Reserve raised rates for the third time in 2018, as expected. In addition, the Federal Open Market Committee projects economic growth will continue for...
All Investors Are Consumers, but Not All Consumers Are Investors

All Investors Are Consumers, but Not All Consumers Are Investors

The September installment of University of Michigan’s Consumer Sentiment Survey reported Americans are feeling pretty optimistic. Consumer sentiment rose to the second highest level since 2004, and consumer expectations reached the highest level since 2004. Surveys of...