A banana duct-taped to a wall for $120,000? There is clearly too much money in this world. With markets at all-time highs and volatility non-existent, another title for the art pictured above could be “The Risk-Averse Investor in 2019”.READ NOW >
Holiday Retail Special
As you wind up your Cyber Monday shopping, we thought it would be interesting to focus in on some of the current trends in retail and take a look at what the stock market is seeing in the stocks. So grab a cup of eggnog, turn on your Netflix fire log and read on.READ NOW >
This Week's Priorities...
You might be checking the financial markets this week, but I know where the main focus is. Getting to where you are going safely. Cleaning the house for guests. Double checking that shopping list. And making sure that Mom has a perfect turkey. Least important is that stocks are continuing to float to all-time highs, but it is nice that they are.READ NOW >
Stair Climb to New Highs
The financial markets are leaving its worries behind this year as it remains focused on the future. While current economic data remains mixed and forward-earnings estimates continue to be cut, the good news is that there is no visible abyss to fall into like there was twelve months ago.
So the Fed cuts rates three times and pauses. Then, the Fed’s Charles Evans suggests that they might let inflation run toward 2.5%. Throw in a few economic green shoots, and some hopes of a China trade deal, and now global bond prices are under pressure, yield curves are un-inverting and cyclical stocks have lifted their heads off the mat and are now getting up on one knee.READ NOW >