As the election draws near, stock and bond markets have been divided as to the significance of the outcome. A Trump victory injects policy uncertainty - something markets generally dislike. And a Clinton presidency provides more policy certainty, but with recent revelations from the FBI,...
This year's presidential race has destroyed any remaining remnants of normalcy in our country's quadrennial 'peaceful' transition of power. The breadth of its chaos has shattered precedents in civility, legality, political polling, expectations, and reporting. Both candidates have survived what almost certainly would have led...
Our hearts and prayers go out to the families and friends of those murdered and maimed in Nice, France last night during their celebration of Bastille Day.
Since BREXIT, US equity markets have come roaring back and then some. Increasing confidence that the Fed will pause their interest rate increases, a stronger-than-expected jobs report in the US on Friday, and the speedy transfer of power in Great Britain to Theresa May as Prime Minister have all added to the optimism driving stocks higher. The S&P 500 has had four record-high closes this week, yet other indexes have not, notably the Nasdaq, which remains almost 4% below last year's high. It means that most stocks, and significantly many that have driven our economy of late (technology) remain off their highs.