April 2025 President Trump’s April 2 Executive Order announced the biggest shift in U.S. trade policy in decades. Maybe it is...

January 2025 2024 was a second year of 20% gains for the largest stocks. Bond prices fell slightly, but their interest payments helped...

October 2024 I am optimistic about the markets over the next several months. I think stocks go higher from here. The economy is doing...

July 2024 It’s four months until the election, so let’s get in front of the breathless campaign soundbites. This is not The Most...

April 2024 This should be a good year for returns. The economy continues to perform well. Geopolitics, while not comforting, have not...

January 2024 After a down 2022, 2023 was a good year for stocks and bonds. Investors started 2023 very concerned about small and mid...

October 2023 The economy has been stronger for longer than anyone expected. It’s been a year at least since the calls for recession...

July 2023 After a down year in 2022 for both stocks and bonds, 2023 has been a good rebound. When the handful of bank failures occurred...

April 2023 You may have been hearing about “Chat GPT” in the news recently (generative pre-trained transformer). It’s a way for you to...

January 2023 The S&P 500 was, with dividends, down 18.3% in 2022. The bond market was down 12%. Rarely are both stocks and bonds down for...

October 2022 Stocks and bonds continued their 2022 rout in the third quarter. The S&P is now down about 25% for the year, with the bond...

July 2022 This popular description from Hemingway about the way in which a character went bankrupt is how the fall of stocks and bonds...

April 2022 Markets have changed. Inflation is here for the first time in 40 years, and the Fed will fight it by tighter policy. The red...

- Warren Buffett January 2022 2021 was a strong year for large cap stocks, up almost 29%. Select areas like large tech and REITs did even...

October 2021 Through September, stocks are rising this year; bonds are flat. I think that will continue into next year. Consumer demand...

July 2021 Everyone is breathing more easily this summer. We’re eating out again, thinking about the shows we want to go see, and having...

April 2021 The economic re-opening is underway and most economists expect strong GDP growth this year. Everyone knows this. Have stocks...

January 2021 One of my goals this year is to make these letters less wordy. Understanding investing is so important, but the economics...

October, 2020 The “2020 in review” montage videos are going to be longer than usual this year. My brain has been saturated with “breaking...

July, 2020 Had Punxsutawney Phil woken up February 2, checked his portfolio, and gone back into hibernation until June 30, he would have...