Nov 20, 2020
The news about the spread of COVID-19 has been awful of late, with record numbers of people catching the disease. But thanks to the CARES Act, the US government is throwing $2.2 trillion at this ginormous problem, and improvements in science and manufacturing hopefully will result.
Aug 14, 2020
Our new S&P 500 target for the end of next year is 3800 (Fig. 2). It seems to us that the stock market already has discounted lots of the good news likely to occur through the end of next year.
Aug 5, 2020
Many investors who profited from the long good buy are now saying “you are dead to me” to the bond market.
May 5, 2020
But in all wars, there are setbacks and lots of uncertainty. That’s why we are sticking with our 2900 S&P 500 target for the end of this year even though it was achieved ahead of schedule, on April 29.
Dec 4, 2019
Why do Fed officials want to embarrass themselves by targeting inflation over 2.0% when they haven’t been able to move it up to 2.0% since officially targeting that level in January 2012?
Sep 12, 2019
Fears of a recession have been receding, although the yield-curve spread between the 10-year Treasury and the federal funds rate remains negative.
Jul 2, 2019
The solid performances of both gold and the S&P 500 during June and so far this year probably reflect the pivots by both Fed Chairman Jerome Powell and European Central Bank (ECB) President Mario Draghi away from monetary normalization.
Jun 19, 2019
Progressives never explain why all of their previous policies, from the New Deal to the Great Society to Obamacare, haven’t improved the lives of most Americans. They argue that their policies have made a difference, but more needs to be done.