The Wall Street Journal recently posted an article that captured two of the opposing forces that I expect will cause the markets to have a bumpier ride in 2018. It was titled “Don’t Trust Dow 25000. The Economic Cycle Is Broken: Markets and economic indicators offer differing signals on where the U.S. economy is poised.” When it…
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I was asked by a client if she and her husband should take Social Security benefits as early as possible because of the widely held expectation that Social Security would eventually run out of money during their retirement.To help clarify a bit of confusion around the subject, it’s expected that under the current trajectory, the…
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Markets just don’t seem to go down anymore, and valuations don’t seem to matter anymore either. And that makes this one of the most unusual and uncomfortable markets I’ve been in. I call this market the Contrarian Killer. That’s because every valuation metric that mattered in the past that had led to a precipitous decline…
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Markets have continued to “melt-up” since the election, and it seems like nothing can stop it. In fact, according to a measure called RSI, an indicator that tries to identify points where markets are too stretched in either direction, world stock markets recently hit that mark for the first time since 2014 on the monthly…
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The US stock market has run up quite a bit as it looked forward to a lot of promises by the new administration: lower corporate tax rates, $1 trillion in infrastructure spending, and higher economic growth. This has made an already-expensive stock market (one of the most expensive in history even before the election) and…
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