Despite high gasoline prices and a dormant jobs market, there is nothing about the April LEI report to suggest that the economy is about to hit the skids. Read More
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Even a drop by NVIDIA couldn't keep the major stock market indexes from rising this week, which suggests Wall Street believes that an end to the war in Iran is close at hand. Read More
I am concerned that its current share price reflects a lot of optimism about Caterpillar’s ability to keep growing sales and profits at its recent pace that may be difficult for the company to live up to if there is any slowdown in the economy. Read More
NVIDIA Q1 results, retail sector strength, and leading economic indicators are among this week's key data points. Read More
It appears Wall Street believes corporate profits can keep rising regardless of the stresses to the economy imposed by the war in Iran. Read More
Today's stronger than expected retail sales report for April, combined with this week's hotter than anticipated CPI and PPI data, is inflationary and will put upward pressure on bond yields. Read More
After its recent rally, I am removing Franklin Resources from our Income Portfolio due to the expected impact that AI will have on its future financial metrics. Read More
April's much higher than expected PPI numbers all but assures that this month's inflation data will preclude a Fed rate cut in June. Read More
Today's higher than expected core CPI number for April sets the stage for tomorrow's PPI report, which could trigger a selloff in the bond market if it is also hotter than expected. Read More
A high-conviction case for a single international holding — and the macro logic that supports it. A Statement I Do Not Make Often I am, by temperament, a diversified investor. I do not recommend putting all your eggs in one basket. I have spent decades reminding Personal Finance readers that… Read More