May 3, 2020 | Investments
It took only five weeks for the U.S. economy to wipe out all the job gains it added over the last 11 years. Combined with the four prior jobless claims reports, the number of Americans who have filed for unemployment over the previous five weeks is 26.45 million. That...
Apr 19, 2020 | Investments
A typical recession does not just wipe out the economy but cleans out all bullish investments and gets everyone into cash. This time, it appears to be different. Despite mounting deaths and climbing unemployment numbers, the stock market has begun a rally that defies...
Mar 15, 2020 | Investments
While everything from deserted ball games to school closings to elbow shakes instead of handshakes may seem strange to us, this is not the first time epidemics have wreaked havoc in America. Headlines in NY Times on April 12, 1955 was “Polio is Conquered.” Until then,...
Feb 23, 2020 | Investments
From May 2009 through January 2020, the S&P 500 climbed at a 15.1% annualized rate. In contrast, U.S. GDP averaged only about 2% in the last decade. Popular notion is that equities can only keep appreciating at 15-20% a year while GDP grows at 2-3% annually for so...
Jan 26, 2020 | Investments
As markets continue to rally, questions are arising if today’s stock market is akin to the stock market rise in 1999. There are, of course, quite a few differences. In 1999, there were no earnings, only clicks — it was a widely followed metric — the more dot-com...
Jan 5, 2020 | Investments
2019 was a strong year for U.S. equity markets, and that strength is compelling investors to wonder whether this powerful ascent will translate into a down market in 2020. However, if statistics over the past 70 years hold true, this year is likely to produce healthy,...
