Santa Came Late

Since the widespread panic we saw at the Christmas Eve lows, the stock market has staged a massive 11% rally in just over three weeks (another reminder why ‘market timing’ doesn’t work). Based on the 10-day change in the advance/decline line (a market breadth...

Recession in 2019?

One of the reasons for the October pullback in share prices was a growing cry by some economists and analysts that we are headed for recession in late 2019.  We do not see that happening.  U.S. economic growth may be peaking this year, but 2019 is forecast at +2.5%...

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