The Fed vs. Inflation
We have witnessed rapidly rising short term interest rates during the first half of 2023, as the Federal Reserve continued to fight...
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William A. Goldstein
- Apr 5
- 1 min
Good was Bad, Bad was Good, The Consensus was Wrong
The first quarter of 2023 was strange indeed. Usually, good economic news is greeted positively by the stock market, yet not this time. ...
Brian Zavalkoff
- Jan 9
- 8 min
2022 Year in Review and 2023 Market Outlook
Well, 2022 turned out just as we all thought, right? While the Russian invasion of Ukraine may have been the most significant...
William A. Goldstein
- Jan 8
- 1 min
Opportunity Doesn’t Knock
“Certain knowledge, to the extent that it ever comes, is given us only after the moment of opportunity has passed. The venturer who...
William A. Goldstein
- Oct 10, 2022
- 1 min
Tackling Inflation
The most recent data indicates an annual U. S. inflation rate in excess of 8%. While the Federal Reserve continues to address this...
William A. Goldstein
- Jul 7, 2022
- 1 min
A Cloudy Crystal Ball, But…..
During the first half of 2022 stocks declined 20% as measured by the S&P 500 Stock Index. The decline reflected, rising inflation,...
Brian Zavalkoff
- Jul 5, 2022
- 2 min
A First Half to (Not) Remember
The first half of 2022 proved to be the worst first half equity performance since 1970 with the S&P 500 declining by 20.0% and the Nasdaq...
Joan Giardina
- May 3, 2022
- 3 min
Keep Calm and Carry On Redux
“Economic progress, in a capitalist society, means turmoil.” Joseph A. Schumpeter April was a brutal month for investors. Both equity...
Brian Zavalkoff
- May 2, 2022
- 4 min
Caught in a Negative Feedback Cycle
As you most certainly have noticed, financial markets have been correcting through the first four months of 2022. The S&P 500 dropped...
William A. Goldstein
- Apr 5, 2022
- 1 min
What Do I Own?
The answer to this question has never been more important. During the first quarter of 2022, we have witnessed several dramatic events...
Brian Zavalkoff
- Jan 20, 2022
- 1 min
Quick Market Update - 1/19/22
The S&P is down 5.9% from its highs. My best guess is that we may have another 2%-5% to go with the pullback but, obviously, psychology...
William A. Goldstein
- Jan 6, 2022
- 1 min
2021 A Year of Risk
Investors displayed an appetite for risk and volatility in 2021 – a year of social-media-created meme stocks such as AMC Entertainment,...
Brian Zavalkoff
- Jan 4, 2022
- 7 min
2021 Year in Review and 2022 Market Outlook
2021 Year in Review As strange as it may sound given uncertainty over the global pandemic, many of the most important drivers for equity...
William A. Goldstein
- Oct 7, 2021
- 1 min
Uncertainty Breeds Volatility
Stocks finished another volatile quarter with the market ending little changed. The Standard & Poor’s 500 Stock Index rose 0.6% despite a...
Brian Zavalkoff
- Sep 14, 2021
- 2 min
Has the year-to-date increase in the S&P 500 been irrational?
With the S&P 500 Index gaining approximately 20% year-to-date, some clients have expressed concern about whether the U.S. equity move has...
William A. Goldstein
- Jul 8, 2021
- 1 min
The Stock Market is A Leading Indicator
An old Wall Street joke: The stock market has predicted ten of the last two recessions. The stock market is a leading indicator of...
Joan Giardina
- Apr 21, 2021
- 3 min
"Keep Calm and Carry On" #9
Hopefully, we have built up some “keeping calm” skills in the last year. We are going to need them. We thought lockdowns were tough, but...
William A. Goldstein
- Apr 5, 2021
- 1 min
Inflation?
Investors are always focused on the prospects for rising inflation. Since the first of the year, the yield on the 10 - year Benchmark...
William A. Goldstein
- Jan 11, 2021
- 2 min
The Big Questions
Looking to 2021 there are several reasons for economic optimism: A Covid-19 vaccine is in the process of delivery. Government stimulus...
Brian Zavalkoff
- Jan 4, 2021
- 5 min
2020 Year in Review and 2021 Market Outlook
2020 Year in Review As I ponder how to describe 2020, I struggle to find appropriate words. Let me begin by borrowing a sentence I used...
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