September 2023 Mid-Month Recap

One of the drawbacks of stronger economic data for the U.S. economy is that interest rates just won’t stop going up and are near recent highs from last fall.  If or when they break these higher levels, the short-term reaction from the stock market will likely be...

August 2023 Mid-Month Recap

The Q2 earnings season is about over. The big story has been the selling we have seen of stocks after they report.  The average stock has fallen 0.71% on its earnings reaction day, the worst in 10 years. The reports themselves were quite good.  Entering earnings...

August 2023 Market Commentary

June saw a huge increase in bullish sentiment that carried through in July. It has been a complete turnaround since the continuously pessimistic readings throughout 2022.  The about-face has been so large that an investor has to ask:  Are we seeing an increase in...