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Weekly Market Pulse: Where’s That Correction?
A few weeks ago, it appeared to me that stocks were starting a correction. I was clearly wrong about that as the S&P 500 and NASDAQ have moved higher since then and the rally has broadened out. And...
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Weekly Market Pulse: Patience Is A Virtue
Most strategic asset allocation strategies have produced negative returns over the last two years. A 60/40 allocation of Vanguard Total Stock and Vanguard Total Bond is down over 6%. John Bogle’s...
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Macro: Consumer Sentiment
The consumer is pessimistic relative to history. There was a down tick from last month. We don’t know if the down tick means anything. The same thing happened in May and the consumer became more...
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Macro: Consumer Confidence
Here are some of the headline sentiments I am seeing: consumer confidence rises consumer confidence rebounds consumer confidence rises for the first time in 4 months consumer is optimistic Let’s take...
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Macro: Consumer Sentiment
What’s more pertinent? The index jumped 14% this month. The index has been in an uptrend for the last 18 months. The index is still weak relative to the last decade. Disclaimer: This information is...
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Weekly Market Pulse: Surprises
We got the latest report on economic growth last week and it surprised most everyone. Real GDP expanded by an annualized 3.3% in the fourth quarter, well above the consensus estimate of 2%. Nominal GDP...
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Weekly Market Pulse: A Concentrated Bet
The S&P 500 reached a milestone recently. Or at least I think so. The technology sector, as of this week, is now 33.6% of the index. If you count the Communications sector as technology – and you...
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Weekly Market Pulse: A Discounting Mechanism
There wasn’t a lot of economic news last week but it was largely as expected and seemed pretty good. Job openings rose, there was no rise in jobless claims even after the large layoffs in the...
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Weekly Market Pulse: The End of The Beginning
The stock market rallied last week, the S&P 500 up nearly 6%, spurred on by the suspension of some of the tariffs imposed on April 2nd. The “reciprocal” part of the new tariffs was suspended for 90...
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