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July 7, 2015
A funny thing happened on the way to a great 2nd quarter for stocks – Greece defaulted on her June 30th debt payment to the IMF (International Monetary Fund). The markets responded as expected and gave back most of the gains achieved during the quarter. After a July 5th voter referendum it appears...
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April 7, 2015
The market engaged in an almost comical tug of war between bulls and bears during the first quarter of this year as it remained obsessed with Federal Reserve monetary policy. Investors anticipated and responded to Janet Yellen and her FOMC (Federal Open Market Committee) colleagues’ every nuance...
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January 5, 2015
Janet Yellen and the other members of the Federal Reserve’s Open Market Committee (FOMC) put a little more cheer in investors’ Christmas stockings at their December meeting during which they once again refused to raise interest rates from their current near-zero rate policy. The stock market, ...
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October 3, 2014
Sustained economic growth paired with sub-par inflation furthered the debate during the 3rd quarter about how soon the Federal Reserve will begin raising interest rates. If the Fed acts too soon it risks choking off the economy and if it waits too long it risks higher inflation and market...
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July 17, 2014
Racing fans betting on California Chrome were disappointed recently when he failed to win the Triple Crown, coming in fourth at the Belmont Stakes. The fact that he was an overwhelming favorite didn’t make the race’s outcome a forgone conclusion. It only made the risk-return ratio less...
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April 8, 2014
One of the more interesting events during this year’s first quarter had little to do with the economy or the stock market, but rather basketball. The Oracle of Omaha, Warren Buffett, offered an astonishing $1 billion prize to anyone of fifteen million people who could successfully predict the...