The Wealth Blog
Chugging Along – September 25, 2019
Much has been written about the faltering economy and a recession. Despite the pessimistic sentiment, the U.S. economy continues to chug along. The Chicago Fed’s…
Seven-Two-One – September 23, 2019
The Federal Reserve slashed its key lending rate, the fed funds rate, by 0.25% to a range of 1.75-2.00%. The decision came as no surprise,…
Attack on the Saudi Oil Fields – The Big One – September 18, 2019
Or is it? Policymakers have fretted over a major attack on Saudi Arabia’s oil fields for decades. It finally happened on Saturday, with an attack…
Headlines – September 16, 2019
Over the medium and longer term, the fundamentals are the key drivers of stock prices. These drivers include economic growth, corporate profits, interest rates and…
September Gloom – September 11, 2019
October has a gloomy reputation. The 1929 market crash and the 1987 market crash were in October. During the 2008 financial crisis, stocks were badly…
Jobs Report – Some Good, Some So-So, Nothing Ugly – September 9, 2019
The government’s monthly jobs report always captures the attention of analysts, economists, politicians, and investors – maybe too much attention. Why is it such a…
Cross-Currents in August – September 6, 2019
August can be hot and muggy. It leaves one pining for a fresh autumn breeze. Since 1970, August has, on average, been a lackluster performer…
Sidestepping a Recession – September 4, 2019
There has been no shortage of recession chatter. Trade war Economic uncertainty Yield curve inversion & falling Treasury yields Google Trends highlights a recent rise…
Confidence, a Trade War, Consumers, and Recessions – September 3, 2019
There has been no shortage of talk and angst over the inversion of the yield curve, trade war anxieties, and chatter the economy may slip…
Office Closure – August 30, 2019
Please be advised that our office will be closed on Monday, September 2nd, in honor of Labor Day. We wish all of our clients and…
Pinball Machine – August 28, 2019
President Trump tweets new tariffs – stocks fall. Trump tweets partial reprieve on tariffs – stocks jump. Trump “orders” U.S. firms to leave China –…
Upside Down – Another Yield Curve Inversion – August 19, 2019
The yield curve plots the yield of a bond, say Treasuries, against various maturities. In a normal environment, a longer maturity equates to a higher…