Trump, Clinton Plans Diverge For Retirees As the U.S. presidential election nears, we are doing a series of reports on the differences and agreements of the major parties on various economic and financial topics. Last week, we noted one area where the major-party candidates are in agreement: trade. In Read more
Market Summary The U.S. stock market is moving sideways and slowly upward. World markets vary. Our favorites — Brazil and India — are doing well, while some other countries stumble. Gold and silver remain positive. Use dips to add to positions. The U.S. dollar is maintaining its sideways pattern, which Read more
Market Summary We are bullish on the U.S. market for the next few weeks, and suggest buying on dips in August. Although the market is not cheap, the U.S. is a haven for money leaving Europe because of Brexit and other European problems. We also remain bullish on Brazil and Read more
With Good Earnings Growth, U.S. Stocks Will Be In Demand Earnings season is getting underway, and is already producing positive results. Good earnings will ensure that the psychology surrounding the U.S. market remains positive. With earnings providing a positive backdrop, there is plenty of scope for other factors to continue Read more
Reaching the Top of the Wall of Worry Source: Bloomberg As we head into the June earnings season, the S&P 500 has finally rallied above the all-time high set in May of last year. In our letter on June 23, we examined whether U.S. stocks are expensive. We concluded Read more
Market Summary The Brexit vote and the rise of anti-E.U. parties in Europe show that big changes are underway. Europe The coming changes will be more pronounced in Europe than in the U.K., although the U.K. will also suffer volatility and aftershocks as negotiations to start the withdrawal get underway. Read more
Executive Summary 1. Ordinary people aren’t very ordinary. Professor Deirdre McCloskey’s recent piece in The Wall Street Journal got us thinking about the roots of western prosperity — and suggested that current nervousness about populist movements around the globe may be missing the mark. Don’t be too alarmed by rising Read more
Executive Summary 1. Critically important to your investments: popular revolts against corruption around the world. This trend will last for decades, and upset many of the patterns we think we know. Corruption and cronyism have existed throughout human history, and ordinary people have usually accepted them with stoic resignation. But Read more
Market Summary Market summary. The U.S. Dollar moving sideways remains a positive longer-term for U.S. stocks in beaten-down industries, gold, oil, and industrial company shares. We expect that the U.S. market will move upward, but at any time it may reverse and volatility may ensue for a few weeks or Read more
When Too Much News Can Confuse 1. GDP grew by 2.4 percent in 2015 — ignore flawed data, including GDPNow. Fourth-quarter 2015 GDP growth for the U.S. was just revised up to 1.4 percent annualized from an initial reading of 0.7 percent. That brings growth for the year as a Read more
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