After a huge year in 2017, the market took off like a rocket in January. Now that rocket is coming back to earth. Had I told any of our clients that in early February that the market basically would be flat for the year, I believe most would have taken that as good news, considering…
2018 is off to a fast start. We actually got tax reform to end 2017, and the University of Georgia Bulldogs made it to the National Championship game for college football. Is it any surprise that much of the nation is feeling like hell must have frozen over? Well, Alabama took care of business and…
Have you seen Disney’s “Prep and Landing” children’s Christmas specials? They are worth the watch. The premise is that Santa is assisted with his Christmas Eve duties by an elite team of elves who prepare each house for the big man’s arrival. Naughty children, however, are visited by another group of elves, the Coal Brigade….
This rally just will not end. It has changed character several times, with different segments of the market taking the lead. It has had slight pauses that might signal an oncoming market correction, but through it all this market just keeps climbing. The recent leadership has come from China. Emerging markets have been the best…
The fact that the market has been positive thus far this week suggests to me what we already know: The computers are in charge of the short-term movement today. Investors have always been characterized as being heartless, but the machines actually are. The machines and the humans who program them are focused on tax reform. Will it get done?
