What Happened: The Stock Market correction began in August with the S&P down 5.15%, NASDAQ 8.00% and the Russell 2000 Small Cap Index off 7.10% from July highs. Further details: After a strong 1st and 2nd quarter for the US Markets, equities began to correct in...
In the fall of 1998, I was a sophomore at the University of Kentucky, on track to graduate in three years. I had recently spent the summer in California, working the front desk at the Hyatt Embarcadero in San Francisco. The Internet, a new medium at the time, was...
Wednesday’s Consumer Price Index (“CPI”) announcement revealed that year-over-year inflation has now fallen to 3%. Reflect for a moment on how far we’ve come from the time when year-over-year CPI was at 9%, a figure which led many to assert that...
I hope this email finds you enjoying a wonderful weekend! This past week, Congress passed a bill to suspend the debt ceiling, thus avoiding default through January 2025. On Friday, markets further rejoiced at a higher than anticipated unemployment rate, which implies...
By now, you’ve heard of ChatGPT or at the very least, you’ve heard of the latest investment craze hitting Wall Street: AI (Artificial Intelligence). Most people are dismissing it as just another bubble that will soon pop and take with it the hearts of...
This week I had the great privilege of spending several days with financial advisors from like-minded firms located throughout the US. We shared ideas, best practices, and digested thoughtful material. We had several folks speak on a variety of topics; however, a gent...
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