Category Archives: News

NIRP – a Central Bank Roadblock to Wealth

NIRP – a Central Bank Roadblock to Wealth

NIRP, the European Central Bank’s Negative Interest Rate Policy, can block wealth creation for those that can’t reach directly into the ECB’s printing press. Here’s one way you probably hadn’t considered and it may be hurting your portfolio without you even knowing it.

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Record $25 Billion on Alibaba’s Singles’ Day and Most was Mobile

Record $25 Billion on Alibaba’s Singles’ Day and Most was Mobile

Our Rise and Fall of The Middle Class investing theme was front and center as Alibaba’s Singles Day blew away Black Friday in the U.S., with about 90% of those sales done via mobile, illustrating the power of our Connected Society investing theme.

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As We Hit the Home Stretch, Corporate Earnings Scorecard is Painting a Solid Picture

As We Hit the Home Stretch, Corporate Earnings Scorecard is Painting a Solid Picture

In this week’s Monday Morning Kickoff, we take a look at where we stand now that over 400 of the S&P 500 companies have reported earnings for 3Q2017. Of course, we have another 100 S&P companies to go and more than 960 companies reporting this week, so the picture can change, but we breakdown the earnings reports that will have our interest in the days ahead and why.

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Market Indices Push Up into Nosebleed Territory

Market Indices Push Up into Nosebleed Territory

As we move into the 101st month of the current economic expansion, the respective stock market indices have continued their climb further into nosebleed territory. On Thursday the S&P 500 avoided its first back to back daily declines in about a month after a rally into the close pushed it back into positive territory for the day, while today the Dow Jones Industrial Average touched a new all-time high. The headlines are all about ebullience in the markets, but in this week’s wrap up we’ll point out that there are plenty of yellow flags waving.

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Amid a better economic and earnings picture, concerns remain

Amid a better economic and earnings picture, concerns remain

The bottom line for the week is the economic picture looks better today than it did a few months ago. Earnings so far have been in general stronger than was expected, but we are still dealing with an equity market that is in over bought territory and valuations remain in the top 0.7% of all time with volatility depressed to an unprecedented degree. While we clearly prefer to see the market go up rather than down, we remain wary of such elevated valuations and exceptional conditions.

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WEEKLY WRAP: At some point investors will have to pay the piper

WEEKLY WRAP: At some point investors will have to pay the piper

While we do not see signs that a recession is around the corner, the economic data rolling in continues to indicate that we are well past the 7th inning of this business cycle. At some point, the markets will have to pay the piper for their extended period of record high valuations and record low volatility, but we are not currently seeing the kind of euphoric sentiment that typically occurs in the run-up to a crash-worthy peak. In fact, the chorus calling for a crash in October was rather large, making a crash this month highly unlikely as the market is infamous for making fools out of as many people as possible.

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