Two Data items today: #1: What history says about choosing between investment grade (IG) and high yield (HY) corporate bonds at this point in an investment/economic cycle. Since the start of…
Month: August 2021
Tiny Taper Tantrum, Or Just “August”?
Three Data items today: #1: A few thoughts about today’s selloff: The VIX seasonality work we showed you at the end of June remains relevant. July and August both tend to…
Where Are Earnings Actually Growing Versus 2019?
Published on 8/16/21 Two Data topics today: #1: We talk a lot about how the S&P 500 in 2021 is handily out earning its 2019 pre-pandemic self, but exactly which…
The Most Important Chart In Investing
Two Data items today: #1: An update on “the most important chart in the world”, at least when it comes to understanding why the S&P 500 keeps making new highs. It…
Goldman Carries The Dow
With the Dow Jones Industrial Average at record highs, today we break down the index to see how it got there and what may drive it higher. No, it’s not Wall…
CPI Report, Energy & Health Care Stocks
Two “Data” items today: #1: Is it a “market of stocks” or a “stock market”? Grizzled finance veterans always like to say it’s the former as a reminder to stick to…