May 2023 Market Commentary: Earnings Season Always Bring Surprises
Most academics and market professionals would agree stock markets are “efficient.” In easy-to-understand terms, most companies, especially bigger ones, are so well-followed by analysts that virtually everything worth knowing about them is known. So, the current stock...
March 2023 Market Commentary: Uncertainty Continues
Since WWII, the third year of the four-year presidential cycle has been the best for the stock market. However, there are a number of troublesome factors that concern me. While consumer spending has been quite resilient, as InvesTech Research notes over 23 million...
February Market Commentary and Review: Risk On!
I can’t think of any two words that better describe equity markets in the U.S. so far this year. After big losses in both stocks and bonds last year, optimists hoped we would soon see markets recover as both inflation and interest rate hikes were going to end....
December 2022 Market Commentary- Are We Set Up for a Mild Recession?
January is the #1 S&P 500 Index and Nasdaq best performing month in pre-election years. We are mindful that all Pre-Election years since 1949 have an average gain of 16.8%, the ones after a mid-term bear market like 2022 average 20.3%. That history suggests that...