What a ride!

What a ride!

By the beginning of October, the U.S. stock market rally had been going on for 66 months, since bottoming out in March 2009, enjoying a correction-free streak that had already been a year longer than average, despite corporate profit growth that was not only in the low single-digits, but was driven more by cost-cutting than […]

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March Market and Economic Update

March Market and Economic Update

The U.S. stock market has given investors a bumpy ride so far this year, but it has been more than 500 days since the S&P500 experienced a correction of 20% of more, a run which has occurred only 10 times in the past 100 years so we really ought not complain despite the increased Pepto […]

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