“Don’t Fight the Fed”
It is right up there with “you don’t pull on Superman’s cape, you don’t spit into the wind, (and) you don’t pull the mask of the old Lone Ranger.” The Federal [...]
“Great Expectations”
The second quarter of last year was during the height of business reaction to the Covid-19 pandemic. Some companies, coming to grips with what was happening, dispersed their workforces, reigned [...]
Looking for Direction
The U.S. stock market has been hitting new highs, but the action has been tepid. Investors do not seem to have much conviction as to the near-term future. The economy seems strong, most measures [...]
E Pluribus Unum
“From many, one.” This motto is on our great seal and some of our currency. It signifies the aspiration to create one nation from many different people: some native but most [...]
“Back to the Future”
If “value” represents many of the industries and companies of the past, then “growth” is the future. Technology, biotech, fintech firms are among the new in our economy. [...]
The Fed Pivots
It was subtle, but this week the Federal Reserve signaled that it is planning for the removal of accommodating monetary policy. It also acknowledged that both growth and inflation are likely to [...]
