Welcome to the first installment of Macro Mondays in 2018! So, you may recall back in November we talked about the perks of owning “common stock” and what that generall...
Macroeconomic Outlook Will Remain Unpleasant The current economic expansion is surprisingly durable, as it has already lasted more than 100 months. It worries many investors who ar...
It is typical of long bull markets, that holders fall in love with their holdings and consider capital gains as money in the bank (without actually cashing out and putting cash pro...
I haven’t written about it much lately, as over the past few months the trade has been quite a dud, but I still love owning US notes versus short German bunds. Going into the end...
After witnessing roughly 20% gains or more in 2017’s major indexes, the natural question for investors is: what’s next? Well, this week will take us a good distance into figuri...
NEW CHALLENGES AND CHOICES SERVE TO ENHANCE THE VALUE OF GOLD More than the symbol of prosperity and prestige it has been throughout the history of civilization, gold remains a tru...
The Dow is notably lower since the US cash market opened (though still higher from Friday) but Nasdaq is soaring unilaterally today… As VIX is crushed back below 10 for good...
Quick take: Based on the December S&P 500 average of daily closes, the Crestmont P/E is 126% above its arithmetic mean and at the 99th percentile of this fourteen-plus-decade...
If 2018 rings in a bear market, it could look something like the Kennedy Slide of 1962. That was my conclusion in “Riding the Slide,” published in early September, where I sh...