Dead Cat Bounce, Or Bull Market?

A “dead cat bounce” is a temporary recovery from a decline in equity markets. Downtrends are interrupted by brief periods of recovery — small rallies — when prices temporarily rise. The term is based on the notion that even a dead cat will bounce if it falls far and...

Global Equities Taking a (Big) Breather… What’s next?

Recent selling has been relentless, with the S&P 500 index down -8.7% since the start of October, and about flat for the year. The index remains on track for its worst month since 2010. Global equities (US and international) have lost almost $8 trillion of value...

Will the Markets Have a Tariff Tantrum?

The first half of the year has been filled with a series of worries and shocks. A looming trade war. Rising interest rates. A stronger U.S. dollar.  Anti-European Union sentiment in Europe. A potential nuclear showdown with North Korea.  Yet for all its...

The Punch Bowl is Gone, Volatility is Back

During Q1, Mr. Market sure did his best to compensate for 2017’s lack of volatility. The S&P 500 Index ETF was up +5.6% in January, followed by -3.6% and -2.7% in February and March, respectively.  Does this mark the end of the bull market? The short answer...

What to Expect in 2018

Wow. What a year! The bull market in equities caught fire around the world, with the S&P 500 ETF up +21.7% and international markets as represented by the Europe, Australasia and Far East Index ETF (EFA) up +25.1%! With rising interest rates and continued...

Old and Getting Older: The Economic Expansion’s 100th Month

See our f An optimistic outlook The post-Financial Crisis economic expansion is heading into its 100th month, which puts it squarely in third place for the longest expansion on record. Only the expansions from 1961 to 1969 and 1991 to 2001 are ahead in the race, at...