• Ready for Lift Off?

    April 22, 2019

    Lots of talk about the 2019 melt-up last week. Fingers pointed at the very accommodating Federal Reserve, rebound in 2019 U.S. economic data, bottoming in China, and risk-off positioning of investors. With the market near its highs and S&P 500 trading at 16 times next years earnings estimate of $180, I wouldn’t be the first to say that investors are scared right now.

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  • Quelle Horreur

    April 15, 2019

    Absolutely crushed to see the Notre Dame Cathedral go up in flames today. Definitely one of the highlights of world architecture. I look forward to the day when it is again rebuilt to remind us of its former glory… Corporate news moved to the front and center last week. Mega mergers and acquisitions, mega corporate product launches and bank earnings.

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  • Don't worry, it's the Netherlands

    April 8, 2019

    Windmills don’t cause cancer. But for many farmers and industrial workers, waiting for the Chinese, North American, European and Japanese trade deals has increased stress, depression and unhealthy living that will increase the incidence of cancer in these industries.

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  • Best Puppet Show Ever

    April 1, 2019

    Bond investors liked it. Stock investors loved it. The President and White House pulled the strings perfectly so that it appeared that the Federal Reserve Board members were not acting out of their own accord. The magnificent performance began at the end of December and after a few missteps and crossed strings, the show ran perfectly.

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  • A Beach Glitch

    March 11, 2019

    Life is not a straight line. Glitches happen. Like on Friday when Anti-Goldilocks showed herself and took a massive bite out of the Non Farm Payroll number. We expected more than 200,000 jobs created and we only received 20,000 combined with increased wage growth. Chalk it up to a one time blip…unless of course it happens next month and then there will be a full out panic and run on Wall Street.

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