January 2024 Mid-Month Recap

Even though last week’s CPI (consumer price index) came in hotter than expected, we would argue against interpreting results as a notable uptick in inflation. “Supercore” (which strips out a range of very volatile categories) continued to trend weaker.  We were happy...

January 2024 Market Commentary

  TURN THE PAGE:  HELLO 2024!   We will start with an executive summary of economic and market factors we think are important as we gauge the chances for another good year in stocks in 2024: DOMINANT THEMES:  Inflation, the Fed, and artificial intelligence (AI) were...

December 2023 Mid-Month Recap

The S&P 500’s price change so far in Biden’s Presidency is now essentially right at the average gain that we have seen at this point in the four-year Presidential Cycle for the S&P 500 going back to 1928.  We are now at the end of year three of the election...