The Inflationary 1970’s was one of the more profound periods in our modern economic history. Leaving the Gold standard in 1971 to prevent a run on our gold supply triggered double digit inflation and tainted the textbook understanding of debt and money supply upon inflation. The surging consumer prices in…
Only twice in the past 92 years have we had stock market gains in the 3 months prior to the Presidential election where the incumbent party lost. Given the Black Swan event of a pandemic and an estimated 50 Million+ mail in ballots and early voting likely, our confidence levels…
In 2016 both political parties powerful polemic against the FBI led to one of the more controversial elections and transfers of power in history, leading to four years of investigations that continue today. Many expect 2020 to provide even more fireworks and uncertainty. In both elections there has been a…
Human nature is captivated by negative emotions more than positive. Perhaps it’s related to our innate flight or fight protective DNA that causes the media to sell disconcerting stories rather than the favorable news. In the financial world we hear of scary individual debt liability levels hitting new records almost…
As the election countdown approaches, the stark contrast in the opponents and uncertainty of a clear quick outcome have escalated. Stocks peaked September 2nd and have been in a corrective mode throughout much of September. Our September 2nd ExecSpec letter indicated a possible immediate top with a drop into mid…
The Fed money printing machine, zero bound borrowing rates and Government handouts are the primary factors in a record breaking 5+ month rally that has surprised all forecasts. Another tailwind for stocks have been the improving poll numbers and betting market sentiment trending toward a Trump victory. The average of…
Once every four years investors contemplate the inflection point of electing a new President and its economic and personal portfolio impact. Most of the 58 Presidential elections since our country’s founding have been better than pessimists had feared, but inevitable political campaigning works overtime to convince us the end is…
An Apple a day keeps Bearish investors at bay and the road to riches paved by high tech gold. This revenue gold is being minted by technology behemoths and cloud princes that have proven to be consistent growers in good times and bad. The leadership in this market is narrow…
The invisible hand of market forces steering our economy is still a corona virus. The economy contracted at a record 30+% pace when this pandemic spurred a national lockdown and when COVID metrics improved from late April to mid June we saw an improving economic scorecard as many cities slowly…
“Build it and they will come” (Field of Dreams) is a demand driven mantra that applies to the secular housing shortage today. The normal business world responds to shortages by rationing supply with higher prices until production can rise to meet demand. However, over the past decade the residential construction…
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