When it comes to reading the mercurial stock market tea leaves, I’ve recognized the Maven of Manhattan, Sam Stovall, CFRA Chief Investment Strategist, to be the keenest of all. Mr. Stovall is the patriarch of Sector Investing, meaning that Sam is your go-to guy when it comes to rotating from one industry to the next
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Federal Reserve FOMC Statement
Rates to remained anchored near zero through 2022 https://invest.1db.com/FOMC620
read more Federal Reserve FOMC StatementStocks & Unemployment: EPS ↓30%, Prices ↑43%
“It’s a recession when your neighbor loses their job; it’s a depression when it is you.” What could possibly go right? For equity investors, everything turned out rosier than expected. From the March 23 low, the S&P 500 has risen 43%, while the employment rate has fallen from 96.4% to 86.7%, with 15 million networkers losing their jobs through
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Smart Americans
Over the past decade, the personal savings rate (PSR) has averaged 7.6%; that is Americans’ have been saving on an after-tax basis just over $1 trillion, until #covid19. In March, folks became increasingly defensive in combating the unknowns associated with the invisible enemy, by instantaneously cutting spending and tightening their belt. The PSR has nearly
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*PET PEEVE #1
Readers of my posts know that I pride myself on being a consumer advocate. I believe unwaveringly that we are all connected in this human experience. I articulate that view in the economic realm vis-a-vis the 3Ps to Prosperity — People, Price, Performance. People always come first; price matters most, and performance counts constantly. What
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