I have been a fan of Japan as an investment for quite a while now. Shinzo Abe's economic reforms are, for now, paying large dividends. There are questions of course about monetary policy as implemented by the inventors of Quantitative Easing, taking monetary policy where it has rarely been....
Tuesday's election result was about as expected as you can get in markets. The accepted wisdom going into the election was that Democrats would take control of the House of Representatives and Republicans would retain control of the Senate. Sure, there were scattered articles by Democratic partisans predicting -...
Elon Musk's lack of self control has finally bought Tesla a real problem. Does Tesla survive without Musk? That's a harder question to answer than it seems at first blush. The stock price is intimately intertwined with the aura of Elon Musk. Without him, Tesla is just a money...
Stocks took another beating last week as the scope of the coronavirus shutdown started to sink in. The S&P 500 was down 15% last week with most of that coming on Monday after the Fed’s emergency rate cuts. Our accounts performed much better than that, but were...
Last week was one of the worst weeks in the history of the US stock market. Thursday’s plunge was the worst one-day loss other than the crash of 1987. Friday’s recovery was stunning as well but big rallies are typical of bear markets and that is, unfortunately,...
There’s been a lot of talk recently about the number of businesses that will not reopen after the coronavirus pandemic—businesses that were only surviving because customers walked in the door everyday—businesses that failed when customers were required to stay home. COVID-19 isn’t the cause of these business...
A short interview with Jeremy Siegel by Robert Huebscher in Advisor Perspectives. Siegel touches on a number of interesting topics: The US stock market is fairly cheap at 16 times next year's earnings - as long as interest rates are around 3%. The volatility we've been seeing lately is...
Have we entered a new bull market? Was the 35% pullback in the S&P 500 in March the fastest bear market in history? Or is this just a continuation of the bull market that started in 2009, interrupted by a rather large correction? Bull markets and bear...
Japan's stock market hasn't done much this year - the Nikkei is up about 4% YTD - but you can't blame that on poor corporate earnings growth. Earnings for the Nikkei are up about 30% year over year and profit margins are hitting new highs (from the FT): Shinzo Abe...