Anatomy of a Rally
Anatomy of a Rally: The running of the Bulls in Pamplona – an annual rite of the San Fermin festival since 1591 – arrived a mere...
Deep Impact?
Since the March 12 reversal, the markets have had a “fast and furious” ride, gaining more than 25% in 3 months. Today, we...
Impatience at the Federal Reserve
The New Productivity Paradox and Fed Monetary Activism. The full report, titled “Impatience at the Federal Reserve” can be...
The Sure Thing
Two major articles last week – both by journalists with ties to the Fed – announced that the FOMC would be cutting rates this week...
The New “Productivity Paradox”
In 1987, Nobel laureate Robert Solow famously observed: “You can see the computer age everywhere but in the productivity statistics.”...
Last Man Standing
We’ve discussed several models and the different methods they use to place a valuation on stocks. Now, we consider one last approach,...
Smart Money?
Some of the contrary indicators we track are themselves giving contradictory signals. When combined with the strong internals of the...
The Quick and the Dead (aka “the Short and the Dividend...
Friday’s opening pop and reversal suggests that the market may be finally starting to get tired. Some consolidation is likely before...
Another day, another 100 points
The market’s current momentum continues unabated. So far, Dips have not gotten very far, as buyers await any and all discounts....
Hat trick!
For the third consecutive month, the indices all scored major gains. The Dow rose 4.4%, the S&P500 saw a 5.1% increase, while the...