Market Overview

Over the past few weeks, we have discussed the sharp jump in the trade deficit due to a surge of imports trying to front-run potential tariffs. Thus far, the impact of front-running tariffs on...

President Donald Trump and his guests at the Rose Garden celebrated Liberation Day. Stock investors won't be celebrating today based on the plunge in futures prices tied to the DJIA, S&P 500, and...

A US 20% reciprocal tariff on the European Union will hurt. It's worsened the eurozone's short-term outlook. Now, so much depends on European governments to push through with their planned fiscal...

Euro Zone inflation dropped to a 4-month low of 2.2%, increasing bets on an ECB rate cut in April. Uncertainty surrounds the inflation outlook due to US tariffs and the EU's response. The DAX index...

Well I think the market finally realized that Trump was serious about his tariffs. I mentioned it on Sunday. As noted then, I think he is pretty serious about this stuff. Trump has been telling us...

Yesterday’s Commentary discussed the vast divergence in the economic sentiment of Democrats versus Republicans. In the piece, we wrote: “Democrats think today’s economic outlook is worse than during...

Tariffs are meant to reinvigorate US manufacturing, but there is more concern about what they mean for supply chains and the prospect of foreign retaliation right now, amidst signs of a cooling...

Stocks are hitting the skids as April 2nd, or Liberation Day, quickly approaches. Investors are rightfully scared that tariffs announced on Liberation Day will be crippling to the economy and harm...

Many investors seem to be missing the gold rally. The chart below exhibits two lines: the black one shows the total known gold ETF holdings, while the brown line represents the gold spot price. Gold...

Reign Of Tariffs I: Losing Confidence Does President Donald Trump want a recession? He is going to get one if he continues to pursue his chaotic tariff policies. Consider the following: 1. CFOs &...

Last week, we noted that the market performance, while distressing as of late, has been well within regular correctionary market cycles from a historical perspective. To wit: “While Trump’s tariffs...

It wasn’t that long ago that used car prices were soaring as the production of new cars was crimped due to Covid-related supply line shortages. Since then, used car prices have stabilized as the...

Building long-term wealth is not just about earning money—it’s about making smart financial decisions that allow your wealth to grow consistently over time. The financial markets offer many...

It's time to talk about an unpleasant subject: Is depression possible? We aren't forecasting a depression, just worrying about one. And we suspect you are too. We continue to believe that the economy...