Rate Cuts Are a Warning Sign

Rate Cuts Are a Warning Sign

Monday, January 12, 2026 Are interest rate cuts doing what they’re supposed to do? Most investors expect rate cuts to boost stock prices, unlock the mortgage market, drive up spending and keep the economy running hot. In other words, they view cuts as a magic...
Americans are Dependent on Stocks

Americans are Dependent on Stocks

Monday, November 24, 2025 For better or worse, Americans’ financial futures are tied to stocks. Following the financial crisis, U.S. households held over half their financial assets in equities. Today, that amount has risen above 80%, which is higher than it was at...
Red Hot Market, Tapped Out Consumer

Red Hot Market, Tapped Out Consumer

Monday, November 17, 2025 The S&P 500 has now gone 103 straight trading sessions without a 5% pullback, as of this writing. It’s the second longest streak since 2021 and among the longest since the 2018 record of 403 sessions. For perspective, the long-term...
The Fourth Quarter Effect

The Fourth Quarter Effect

Monday, October 27, 2025 September is generally regarded as the worst month in the stock market over the course of the year. But October-December is the strongest time of the year historically, and the fourth quarter consensus consistently demonstrates strong...
Could Be a Melt Up

Could Be a Melt Up

Monday, October 20, 2025 The stock market has gained over 20% the last two years and over 14% so far this year. And yet, some people think it’s just getting started. This market backdrop is about as bullish as it gets. Despite all the rate hikes of 2022, the...