A Fearless Market, AI Like It’s 1999 and Surging Electric Bills
Why have markets been so happy of late, the last week notwithstanding? Part of the reason is the fact that the Federal Reserve has begun
November 7, 2025
Why have markets been so happy of late, the last week notwithstanding? Part of the reason is the fact that the Federal Reserve has begun
How quickly we forget. In April, financial markets were in panic mode and I felt compelled to weigh in on the risks that tariffs posed
January 24, 2025 Dear Clients and Friends, Much has been made of the Trump Trade and in the short-term it paid off for those investors
Dear Clients and Friends, Markets were happy in the third quarter of 2024 because they got what they wanted: a 0.50% interest rate cut, continued
Dear Clients and Friends, If the theme of 2023 was inflation, then for 2024 I will go with regime change. Don’t worry, I have no
The early bird gets all the worms. Usually, a week or two into the calendar quarter, I start receiving the investment newsletters of peers and
Markets have been reinforcing their age-old, but oft forgotten truth that they do not wish to be timed. It has been a painful reminder for
Dear Clients and Friends, This year’s first 7-month stretch for the US stock market felt too good to be true and it turned out that
Dear Clients and Friends, More than halfway through 2023, I can say one thing definitively: 2023 is nothing like 2022 and that is good news
Spring weather here has been true to form: one moment ominous clouds are gathering, the next moment it is sunny skies and lemonade stands. Financial