Three items have played havoc with markets year to date: weather, falling inflation and disappointing capital spending. The weather speaks for itself, and is uncorrelated to the other two variables; hence markets are likely to give most companies a “free pass”…
After putting in a short term trading bottom with the delicacy of a thud on February 1st, a day the S&P fell 2.2%, a number of reasons explain the strong equity rally during the remainder of the month...
There are few things in this world more humbling than the stock market. You read, analyze, think, ponder scenarios, reach your conclusion and then reposition the portfolio with the hope it’s structured to withstand downdrafts without having hedged out all the upside...
Did you think the total return for the S&P 500 would exceed 32% during 2013? I sure as heck didn’t!...