Strong jobs growth like we had on Friday would normally propel the market much higher but this is not a normal market. The natural order of things is being disrupted. By this we mean that good news is bad news and bad news is good news as far as equities are concerned. When the economy looks to be on a firmer footing the money is taken off the t...

The S&P is once again in record territory and it’s almost a yawn now because this index has been topping itself off and on for over a month. How high will it go? Good question and one person’s guess is as good as another’s. We think that 1900 is possible by Mid-January and that probably is conservative. There are several continued fundamen...

The week ends and we see records dropping in most of the major indices. The narrowly averted disaster in Washington is being credited with the rally but we believe it is a little deeper than that. As we have previously discussed, the market never truly believed that there wouldn’t be some sort of short-term resolution. If it had, we would have s...

Week one of the shutdown will be upon the markets and us will continue to yawn. Is it because no believes that this will be a protracted period or they don’t care? We believe it’s because no one believes this will go on for very long. The shutdown of non-essential aspects of the US government for the short term will have a very small impact ...

Talk about mixed messages! The Federal Reserve is continuing to show signs of dissention in the ranks. For an organization that has such sway over the capital markets you would think they would try and have a more unified message to at least let everyone believe they are all on the same page. Almost looks like our beloved leaders in the House an...