May 26, 2017

Stocks rose for the sixth day in a row. With President Trump overseas, attention returns to economics and the news has generally been positive. One of the headline comments this week came from Professor Robert Shiller, a Nobel laureate, who famously published his book Irrational Exuberance just months before the Internet bubble burst in early […]

Read full story Comments { 0 }

May 24, 2017

Stocks rose again, basically completing the retracement of the losses from last Wednesday when political worries in Washington reached their peak. Beneath the surface, perhaps a change of attitude is also taking place. Individual investors, long absent from this bull market, are finally moving money from bonds to equities. In particular, they appear to like […]

Read full story Comments { 0 }

May 22, 2017

Stocks continued to recover on Friday.  Given the uniformity of the rally, it appeared to be a day of index buying in a world void of much economic news.  What data we could peruse over the weekend suggests that the U.S. economy is seeing some slight growth acceleration from the soft first quarter pace, but […]

Read full story Comments { 0 }

May 19, 2017

Stocks recovered a bit of Wednesday’s 2% selloff as some of the more extreme talk in Washington (i.e. even whispers of impeachment) died down. Let me start by putting Wednesday’s news and the subsequent market reaction into perspective.  First, I am not a lawyer, but I do recognize the facts.  Under the Constitution, the House […]

Read full story Comments { 0 }

Weren’t Able to Join Us for the Investment Forum? Here’s What You Missed.

The event was an opportunity to gain perspective on how the investment landscape will change with the Trump administration and Republicans in control of both houses of Congress. Noted economist Mark Zandi and CIO at Tower Bridge Advisors Jim Meyer shared their perspectives. Mark Zandi, Chief Economist Moody’s Analytics Good (But Risky) Times     […]

Read full story Comments { 0 }

May 17, 2017

Stocks managed to eke out small gains yesterday, but futures this morning point lower after reports surfaced overnight that President Trump allegedly asked then FBI Director James Comey to drop his investigation into the affairs of Michael Flynn and Russian intelligence personnel. I have no intention of adding my two cents to the political maelstrom […]

Read full story Comments { 0 }

May 15, 2017

Stocks closed slightly higher on Friday, a quiet end to a quiet week. Without much movement in the bond, currency or commodity markets, stocks have been drifting with a slight upward bias over the past few weeks.  But the movement up has been uneven.  This morning I will try and go through each of the […]

Read full story Comments { 0 }

May 12, 2017

Stocks fell yesterday but finished well off their lows.  Two headline movers were Snap, the parent company of Snapchat, and Macy’s.  You couldn’t find two more different companies.  Snap is as new wave as they come.  If you don’t know it, I will guarantee you that your kids and grandkids do.  They all use it […]

Read full story Comments { 0 }

May 10, 2017

Stocks fell slightly in a slow session yesterday amid a quiet news day.  That changed after hours.  The firing of FBI Director James Comey hit the front pages immediately, although it has no direct bearing on financial markets except for the fact that markets rarely react well to sudden surprises.  If there is any reaction […]

Read full story Comments { 0 }

May 8, 2017

A strong employment report drove modest gains for stocks on Friday.  But traders moved to the sidelines in the afternoon ahead of yesterday’s French elections and continued volatility in the oil markets.  The French elections provided no surprises, and it appears stocks will open fairly flat this morning. For almost 8 years now, we have […]

Read full story Comments { 0 }