As I write this the S&P 500 is down 9.80% for the month of January. I was curious as to just how extreme this was, so I decided to plot the monthly returns since January 2000. On average, the S&P 500 gained .49% per month with a standard deviation of 3.79%. If...
I’ve had the privilege of being a CNBC commentator for over 14 years now. Prior to Covid I would often travel to the studios in Englewood Cliffs and participate in a full hour show talking stocks, markets and the economy. Sometimes, I’ll write about how this all came...
Sometime during Covid we launched our first Zoom webinar entitled the Inflationary Freight Train. Many wondered just why we would be concerned about such a topic when the economy had screeched to a halt, consumer spending was nonexistent and inflation was nowhere to...
The economists got it wrong during and after the financial crisis because they incorrectly predicted where money would flow. You may remember the dire inflationary predictions during the experimental rounds of QE1, 2 and what turned out to be QE infinity. Their...
I had already gained at least 20 lbs. and had only been on the desk for a year. I could feel the additional weight with each step, but it didn’t stop me from walking across the street to the gas station for a candy bar and soda. It was 9 am but I didn’t care and just...
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