More of the Same

More of the Same

The stock market continued its decline this quarter, selling off another four percent since the end of June. As of September 30th, the S&P 500 was down 24.8% for the year. This puts stocks well into bear market territory which is defined as a 20% drop. Stocks were...
Building Wealth vs. Enjoying Wealth

Building Wealth vs. Enjoying Wealth

The second quarter proved to be every bit as challenging for investors as the first quarter this year.  2022 seems to be the year when the consequences of a lot of poor policy decisions have come home to roost.  Inflation and rising interest rates are the two main...
It’s All About Inflation

It’s All About Inflation

U.S. equities closed out the quarter with their first quarterly loss in two years mostly due to soaring inflation, the Federal Reserve’s policy pivot and the war in Ukraine.  Economic measures of inflation have now reached a 40-year high and are forcing the Fed to...
Another Good Year.  Really?

Another Good Year. Really?

2021 turned out to be another profitable year for stock investors. Except for a few brief selloff’s, the S&P 500 gained 26.9 % for the year. The Dow Jones Industrial Average gained 18.7% in 2021, while the Nasdaq Composite gained 21.4%. If one were to view the...