“In your life expect some trouble But when you worry You make it double Don’t worry, be happy…” …
What Recovery?
Maybe we should be used to high unemployment … but now the bad news on jobs is coupled with queasiness about corporate earnings. The latest earnings season began with the…
The S&P 500 Comes Up Short
The S&P 500 fell more than 2% yesterday, recording its worst one-day drop since December. Was it disappointment with The Fed? A sudden realization that the market shouldn’t rise when…
Bad News Boosts the Market
In the strange world of investment management, bad news is often good news. That was the case last week, as the S&P 500 gained a hefty 3.7%, more than reversing…
Compared To What?
The U.S. dollar is the strongest it’s been in a year-and-a-half. Is this renewed strength a sign of American economic strength? In a way – but it’s all relative. The…