Who could have imagined a scenario where weekly unemployment applications exceeded 6 million and the stock market yawned?  We are now in the second week in a row of these numbers.  For reference, the week of March 15 had 282,000 initial jobless claims (versus, again, this week’s 6,606,000). These kinds of extremes have become commonplace over the last several...Read More

Never underestimate the ability of the stock market to overreact.  As we enter the week with news of further spread of the Chinese coronavirus, it seems the Dow Jones Industrial Average and S&P 500 are going to attempt to get halfway to a correction in just one day.  A stock market correction is defined as a drop of 10%...Read More

You may have noticed an increase in stock market activity over the last week.  Since last Friday we’ve seen several major swings in equities in both directions, with the ultimate result being a 10% correction in stock prices.  Some (ourselves included) would say this is long overdue, considering what seemed to be an endless rally...Read More

Many recent articles cite the never-ending stock rally and low jobless rate as indicators of economic health.  But can stock markets really be used as a reliable indicator of, well… anything? Once upon a time, the stock market may have been thoroughly intertwined with economic conditions.  These days, however, stock prices are as likely to...Read More