When Everything Is Pricey

This quarter’s earnings season just started last week, so it is still early.  Results were centered on the big banks which mostly reported blow-out earnings and revenues.  The stock reactions, however, were mixed.  When the bar is set high heading into earnings season...

Blast Off For The U.S. Economy

The pandemic closed casino doors and opened up a much more addictive and accessible form of gambling:  online day trading.  It is the new drug of choice for generations Y and Z.  With zero commissions and easy access to leverage, those young adults are at risk of...

Keeping An Eye On Inflation

Here are a few of our favorite market internal indicators that are confirming the all-time highs in stocks.  The first one, the cumulative advance/decline line (breadth), is rising along with stock prices, a healthy sign. Second, high-yield bond spreads (the spread in...