America’s College Funding Debacle Has Deep Roots From tuition-free college to student loan forgiveness, the Democratic contenders to challenge President Trump are floating many proposals to address the troubled U.S. higher education system. Those troubles are legion — essentially, education costs that have been rising at several times the rate Read more…
1. Hong Kong in the crosshairs of the trade war. Hong Kong is experiencing massive protests against the Chinese government’s erosions of the city’s traditional liberties and democratic governance. These protests have occasioned the introduction of a bipartisan bill in the U.S. Congress that would strip the city of its Read more…
Executive Summary 1. Trade wars, geopolitics, and the fate of the yuan. Beneath the trade-war back-and-forth is a stark reality: the era of Chinas massive accumulation of foreign exchange reserves is ending, and in coming years, Chinas currency is likely headed for a significant decline. Saber rattling goes on as Read more…
Trade War Static: Stay Focused On the Big Picture Just as markets seemed to be happily pricing in a resolution to the yearlong trade conflict between China and the United States, fresh difficulties have emerged, throwing the outcome into doubt. Global stock markets swooned in response to the tweets… a Read more…
The old saying is that stock markets must climb a wall of worry, and we have certainly seen that wall-climbing play out over the past several years. Every day, it seems, we can open the pages of the newspaper (or more likely, check our online news feed) and find headlines Read more…
Market Summary for Week of February 22, 2019 This week we are keeping it short. We remain bullish on the U.S., and on several foreign markets. The U.S. market is still a buy, in our opinion. Breakouts of the type we have recently seen offer opportunity for higher U.S. stock Read more…
The U.S. Economy and Markets In spite of slight deceleration from the GDP growth rate posted in 2018, the U.S. economy continues to be strong, and we anticipate that as 2019 unfolds, growth will strengthen. U.S. markets have rapidly recovered from their fourth-quarter swoon, and while we believe that Read more…
Some GDP Deceleration, But U.S. Corporates and Consumers Are Still In Good Health The partial government shutdown in early 2019 has delayed the Commerce Department’s official report on fourth-quarter U.S. GDP growth until February 28. In the absence of official data, polls of economists are providing some picture: about 2.6% annualized Read more…
Executives at two of the big U.S. railroad companies, CSX [NYSE: CSX] and Union Pacific [NYSE: UNP] report that growing shipment volumes lead them to feel optimistic about the growth of the U.S. economy. (CSX reported on January 16, and UNP on January 24.) Railroads are often considered a bellwether Read more…
Market Summary The U.S. Economy and Stock Market The U.S. economy continues to move ahead as do the U.S. stock market and U.S. corporate profits, which as we all know, lead the outlook for stocks. Most agree that the growth rate of the economy will slow in 2019, after the Read more…
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