Latest Thoughts

Markets Shrug Off Debt Levels

The level of US debt, already elevated before COVID-19 hit, skyrocketed as Congress put into place much needed fiscal stimulus in response to the pandemic, and it may jump again as the Biden administration targets its stimulus goals. ...

Small Caps Still Solid

Small caps have had an incredible run since the Russell 2000 Index bottomed on March 18, 2020, returning 119% compared to the S&P 500 Index's 60% return over the period. ...

Market-Friendly Election Outcome

Heading into the election, polling data and market signals disagreed on how close the presidential election would be, with market signals calling the race much closer-which turned out to be accurate. ...

Are The Polls Wrong Again?

The race for the White House is down to the homestretch, and although presidential candidate Joe Biden is comfortably ahead in the election polls, various market and economic-based indicators suggest the election may be much closer than many are expecting. ...

What Technology’s Correction Means

The recent correction in the S&P 500 Index's technology sector presents a unique challenge to markets following a historic stretch of outperformance when markets rebounded, as many viewed the sector as relatively well insulated from the economic effects of the virus. ...

The Bull Case For Stocks

Markets have been on a wild ride in September so far, with a strong first two days of the month followed by one of the sharpest 10% corrections ever for NASDAQ. ...