Inflation is Always the Enemy of the Incumbent

Inflation is Always the Enemy of the Incumbent

April 08, 2024 Is it just me, or does the cost of pretty much everything seem to be on the rise? For instance, you used to be able to find deals at the grocery store. But not anymore. Now prices border on absurdity. Even Trader Joe’s is in on the act after increasing...
An Increasingly Expensive Index

An Increasingly Expensive Index

March 25, 2024 I’ve mentioned extreme stock market valuations before, and we seem to be in a similar situation now. A recent Wall Street Journal article showed how the S&P 500 is expensive using multiple valuation methods: The price-earnings ratio is above its...
“Magnificent” Concentration

“Magnificent” Concentration

March 18, 2024 Many market indexes weighted by market capitalization are top-heavy right now. A glaring example is the S&P 500, where the “Magnificent 7” stocks account for roughly 29.0% of the index’s total value. It’s interesting what has historically happened...
Companies Getting Lean and Mean

Companies Getting Lean and Mean

March 11, 2024 Struggling cosmetics company Estée Lauder’s stock is down more than half from its 2021 peak, yet it recently added $10 billion to its market capitalization. How did that happen? Well, the company posted solid earnings, beating analyst estimates. That...
Surprising Challenges Retirees Face

Surprising Challenges Retirees Face

March 04, 2024 This may not seem obvious, but there are new, potentially surprising challenges retirees face when they stop working. Take stock market volatility. While you’re working, market gyrations aren’t noticeable. If they are, it’s not a big deal because you’ll...

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