Long Streetsmarts, Short Booksmarts: 10-Jan-2017 Over the last two months my market discussions with clients and colleagues have centered exclusively on the expectations for Trump economic policies – specifically fiscal policy, regulatory policy, immigration policy,...
Today, I would like to address a topic that many pundits have deemed a negative risk factor for overall equity market performance: the issue of concentration. For the record, I discussed this topic last week in a CNBC segment, which you can access here. In a nutshell,...
With less than 140 days to go until the US Presidential election, the policy differences between Trump and Biden are becoming a key focus for financial markets. Looking back to 2016, I wrote a handful of notes on the likely market impact from Trump vs. Clinton policy...
The critical message from Wednesday’s FOMC meeting was not a hawkish one. Yes, the committee changed their year end-2024 rate cut projection from 75bps to 25bps. And as a consequence, the knee-jerk pundit reaction was to deem the postponement in cuts as hawkish. But...
As promised, I will always start out the new month with a blast from the past. This piece below from 2019 might be my favorite on the relative importance of monetary vs fiscal policy. Enjoy!!! $1.9 trillion of crowding out, pork, and redistribution - January 20, 2019...
As promised, I will always start out the new month with a blast from the past. This piece below from 2019 might be my favorite on the relative importance of monetary vs fiscal policy. Enjoy!!! $1.9 trillion of crowding out, pork, and redistribution - January 20, 2019 In November of 1968, Milton Friedman and Walter […]
