October 2018

October 2018

The Standard & Poor’s 500 Index (S&P) is on a tear. A careful analysis of a couple of the economic factors that have supported recent U.S. outperformance provides a reasonable argument that long-term investors might do well to consider rebalancing portfolios...
July 2018

July 2018

As opening lines go, “I love the circus,” may not be as compelling as, “All children, except one, grow up,” yet it is appropriate for these times. Three-ring political summits, high wire trade tensions, and caged immigration policies have brought a sense of mayhem to...
April 2018

April 2018

Analysts and participants may have gotten ahead of themselves as the market rocketed forward in the last quarter of 2017 and the early weeks of 2018. In hindsight, their optimism is understandable. This is especially true given the increasingly synchronized growth in...
January 2018

January 2018

Spurred by a slowly accelerating economy and pro-business policies that have pushed deregulation and a major corporate tax break, blue skies led to very green stock prices in 2017. Potential clouds of rising interest rates, nuclear weapons in North Korea, and higher...
October 2017

October 2017

Much of this year’s boom in global equity markets seems to have been fueled by the notion that promises of reduced regulation, lower taxes, and increased infrastructure spending in the United States will become reality — driving more growth in the...
July 2017

July 2017

Companies need earnings and innovation for their stock price to grow. Earnings have been flowing quite nicely over the past six months due to lower energy prices and interest rates that had been in place for some time.  In fact, earnings for the S&P 500...