It’s Expensive So Let’s Buy More!

Can a stock market rally built more on Price Earnings (PE) ratio expansion and low bond yields, rather than on earnings growth, be sustained? This question highlights a precarious state of affairs and helps to explain the market’s recent ups and downs. While the major...

Market and Election Update

Before Tuesday, November 9th, almost all indicators pointed toward a Hillary Clinton victory and Democratic control of the US Senate. However, that did not happen. Now that the election is behind us, it’s time to start looking at which segments of the economy and...

Beware When T.I.N.A. Comes Knocking

Wall Street pundits love coming up with acronyms and catchy phrases for what they favor in the markets. While this style of reporting can make for good headlines, investors often pay more attention to the hoopla than to understanding the facts. One recent example...