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...
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...
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...
During this holiday season, we want to thank you for your friendship and trust in us. Our best wishes to you for a Merry Christmas and Happy Hanukkah! We follow the U.S. housing market closely because housing is such a significant part of our economy. The big...
WE WISH YOU AND YOUR FAMILY A HAPPY THANKSGIVING! It is hard for investors to gauge the trend of future inflation because of conflicting economic reports and Fed speeches. Some Fed speakers make it sound like the battle against inflation has been won. Others say...
