In the past two months, the stock market has rallied, gaining over 17%. Of course, that’s on the heels of a decline in excess of 22% since year end, so the market is still down about 9% for calendar year 2022. (Trust us, the math is correct.) As we have noted before, the most significant…
The most recent inflation report stated that prices had increased 9.1% in the past year, “the largest increase in forty-one years.” The largest increase in forty-one years? Wow! We know this sounds crazy, but one of our co-founders actually began his career exactly forty-one years ago. And he notes some startling differences between 9.1% inflation…
There are two likely paths for the U.S. economy in the year ahead: 1) Continued high inflation 2) Recession There is also a third possibility: a combination of the two, also known as “stagflation,” but we don’t classify it as “likely.” With continued high inflation, the Federal Reserve is in the hot seat. Its goal…
Every now and then there comes a year that proves to be a very difficult time to make money. 2022 is shaping up to be one of those years. Both U.S. and international stock markets are down over 15%. The worst stocks to own this year have been in the NASDAQ index, primarily those “stay…
When we published our Investment Commentary at the end of February, Russia had just invaded Ukraine. Since then, more than ten million people have fled their homes in Ukraine (a quarter of the country) and an unconfirmed number have died (likely in the thousands). The Western world condemned the invasion and almost immediately instituted economic…
