Sentiment, about the economy is negative right now, but that isn’t a new development. The University of Michigan consumer sentiment survey is near its all time worst reading, which was set just a few years ago in 2022. The expectations portion of that survey is currently at levels only seen in the mid-70s near the bottom of the 73/74 bear market, the double dip recession of 8...

There’s a lot going on right now and I’ve got way more questions than answers. Here’s a few that seem important:

Is this stock market correction the beginning of a bear market? Obviously, no one knows but Friday’s close did mark a milestone. The S&P 500 and NASDAQ Composite both closed below their respective 200 day moving averages. The 20...

How can the US re-open the Strait of Hormuz? That is the $64,000 question for investors today and the Trump administration so far doesn’t have an answer beyond asking other countries for help (which they probably should have done before they started this). While Asian and European countries certainly have an incentive to get the strait open and oil flowing again – they use a ...

“Those that fail to learn from history are doomed to repeat it.” – Winston Churchill in a speech to the House of Commons in 1948

“History doesn’t repeat itself but it often rhymes.” – Mark Twain

I saw quite a bit of commentary last week about the similarities between the events of today and the early 1970s, specifically pointing to the Yom Kipp...