Here we are at the end of another decade, one that seems to have passed rather quickly, as trite as that may sound. Ten years ago, our Investment Commentary noted that the period of 2000–2009 resulted in a negative rate of return for the stock market. It’s rare that you experience any period of that…
This just in . . . Drone strikes on a Saudi Arabian oil facility over the weekend sidelined more than half of the kingdom’s output and removed about 5% of the global oil supply from the market. It is the biggest one-day oil disruption in history.
Up until the very last day, July was so boring. So accommodating. So mundane. Watching your investment account during July was like watching your neighbor’s cousin’s nephew’s swim meet.
In our industry, we look for warning signs of impending bad economic times, signs that might help us run for cover before the markets get ugly. One of the warning signs that has traditionally been pretty reliable is called an “inverted yield curve.” This signal has preceded every U.S. recession for the past 60 years.…
