“A goal without a plan is just a wish” -Antoine de Saint-Exupery The stock market continued to advance in the first quarter driven by strengthening economic conditions while President Trump’s young administration encountered an early stumble when it failed to win Congressional support to replace and repeal the Affordable Care Act. In this note we’ll […]
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Nothing is more responsible for the good old days than a bad memory
“Nothing is more responsible for the good old days than a bad memory” -Franklin P. Adams The beginning of 2017 marks the 45th peaceful transfer of executive power in the United States. While we’re a week away from the inauguration of President-elect Trump it seems like the transfer of power occurred on November 8th given […]
The Struggle for Growth in a Sea of Liquidity
“The Struggle for Growth in a Sea of Liquidity” -Byron Wein The chorus of economists calling for the Federal Reserve to raise interest rates is growing louder. Following its first rate increase last December the Fed has held its interest rate steady in a range of 0.25%-0.5% yet it is becoming increasingly likely that the […]
Parting is such sweet sorrow
“Parting is such sweet sorrow” -Juliet The second quarter was full of eye-catching headlines; from Trump’s domination of the Republican primaries to Britain’s decision to exit the European Union. In addition, the Federal Reserve has put the brakes on additional rate increases after making an initial move toward normalization last December. Opinions that would have […]
The best way out is always through
“The best way out is always through” -Robert Frost The unexpected has become the norm. The stock market followed up a flattish year in 2015 with a 10% decline by early February, only to recover and end the quarter flat. For those not nauseated by the market volatility, one only had to watch the candidates […]
Economists don’t forecast because they know, they forecast because they’re asked
“Economists don’t forecast because they know, they forecast because they’re asked” -JK Galbraith “In like a lion, out like a lamb” is a phrase often used to describe the month of March and the transition from winter to spring. The sudden freeze that has seized the equity markets in early January leaves investors wondering if […]