Our Strategy for a Debt-Addicted Economy

Here’s a head-scratcher for you… Over the past 18 months or so… nearly $1 trillion in cash deposits has been sucked out of our banking system. It’s part of the liquidity crisis no one is talking about. Why is this happening… and what does it mean for investors? One simple answer is that in the … Continued

Good News in a Volatile Market

Volatility, volatility, volatility… That’s the enduring theme of our current market environment. Most folks view “market volatility” as a euphemism for uncertainty. And boy is there plenty of that. Here’s a quick look at the VIX year to date… Volatility is back to where it was before the summer lull… while the S&P 500 is … Continued

The World Changes Again

October 7, 2023. Add it to the long list of days that changed the world. The attack by Hamas on Israel over the weekend has renewed tensions in the region, and with intensifying geopolitical tensions… come lots of questions. Will Iran get drawn into the conflict? How about the U.S.? Could China take advantage of … Continued

Banks Hold Tight as Investors Sweat

Things sure can change in just a few months. In August, the major stock market benchmarks seemed to be on track to post new all-time highs. Now investor sentiment has taken a sudden turn toward the downside. What happened? For one, investors are still taking in the “new normal” of higher interest rates. Hopes that … Continued