This quarter, the market recovered from one of the worst 4th quarters (2018) in a century.  I was cautious then and remain of the same thinking to start off this year. When a company, like Federal Express, lowers numbers and...

For the past few quarters I have taken a very cautious view of the market. My sentiment echoed around rising interest rates, geo-political concerns, and an aging bull market. Sadly, all of these are now worse then they were earlier...

The battle between higher interest rates plus the trade war vs. strong corporate earnings and a rapidly expanding economy continues. So, in the end the winner is…? A stalemate is the more appropriate term. The Federal Reserve recently removed the...

In the last market commentary, I mentioned the possibility of a few quarters of flattish to sub-par returns for the stock market. So here we are in the middle of the slow season (May to November) and the market is...

  Going back to January 1, 2008 until January 1, 2018, 10 years or 40 quarters the market was up 75% of the time. Breaking this down specifically over this 10 year period the market was up 30 quarters and...

Last quarter I wrote about the combination of slow rising interest rates and solid corporate earnings creating a sweet spot for the market. Additionally, with everyone expecting a correction, I thought we may not get one and just coast into...

This June marked the 10th anniversary of the Financial Crisis. To refresh your memory, June 2007 saw the collapse of 2 funds managed by Bear Stearns that speculated in credit derivatives backed by subprime mortgages. This was the start of...

With the first quarter of 2017 in the books, the accepted narrative that this is going to be a breakout year for the economy is coming under scrutiny. The rally in the stock market has been predicated on promises that...

One of the most surprising events that happened during the 4th quarter was of course the US Presidential election results. Although the news, media and polls incorrectly predicted the outcome, the stock market did not. The 3 month period prior...

As I mentioned last quarter, at this juncture, the stock market needs both low interest rates and solid corporate earnings to break out to the upside.  For the most part, the market has moved up for years on the low...