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…
Don’t fight the Fed is a well worn adage that has proven its value once again during the COVID-19 pandemic as record injections of Central Bank (Fed) reserves coincided with a record run higher in our stock market. The Fed began its quantitative easing (QE) experiment when they printed a…
The family of crown shaped coronaviruses has been identified in humans since 1965, originally associated with the harmless common cold. With 7 known types of regal looking coronaviruses known to infect humans, the current COVID-19 cousin is most closely related to the Chinese SARS virus (or COV-2) that appeared in…
The record setting Bull market in stocks since 2009 had reached a parabolic climax in February. The 1st quarter culmination was particularly amazing in that the US economy had been slowing for months and the growing Covid pandemic had already shut down China and begun moving into the rest of…
Don’t Mess With Texas! Covid-19 is threatening Texans proud history of First Amendment expression. After more than 2 months of social distancing and thousands of shuttered businesses, Texas partially opened its economy in May and June. Thus it was not a surprise that Covid cases began rising in the Lone…
The 2.6% rise in April food prices was the largest monthly surge in 46 years! On queue, some forecasters blamed it on the Money Supply, Government debt and the Trillions of dollars our Central Bank (Fed) created out of thin air. Soaring grocery costs pale in contrast to the broader…
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