On a gloomy Christmas eve one year ago the stock market had completed a 3 month correction into a panic low of more than 20%, equaling its largest decline of the past decade. After a tremendous rally in the first and a fourth quarters of 2019, the pulse of the stock market…
Often when US Presidents can score a single major legislative accomplishment during their tenure it’s enough for the history books. Reagan had the massive Supply Side tax cuts, Clinton passed the North American Free Trade Agreement (NAFTA) and Obama’s landslide election mandate gave us Obamacare. Trump made history with his…
In a moment of unprofound insight lacking sound and fury meaning absolutely nothing to investor expectations, Fed Chief Powell this past week made the most anodyne comments possible that the economy was likely to continue growing. It’s also likely that the Fed has never forecast anything but continued economic growth as…
“This time is different” are four famous last words considered by famed fund manager John Templeton to be the most costly phrase in history for investors. Prominent economists Reinhart and Rogoff have written extensively that throughout history cycles repeat in a similar fashion with excessive debt creation for economic growth until…
Should US consumers feel consumed by the growing avalanche of negative news? There is an unending tariff war between the worlds two biggest economies, risk of a Hard Brexit impairing the UK, a US manufacturing recession and high odds of a Presidential impeachment. Reflecting this anxiety and uncertainty manifests in optimism among corporate executives…
© 2020 Exec Spec. All Rights Reserved.
