Midterm Elections

Is it Really The Death of Equities?

David B. Armstrong, CFA Weekly Market Commentary

For some reason the markets just do not seem to care much about headlines – President Trump ending ACA cost-sharing payments…U.S. maybe leaving NAFTA…ending the Iran nuclear agreement…Rocket Man…the tax reform debate raging on. But the S&P 500 just made it a 5th positive week on some earnings optimism. So yes, it’s earnings season again, but the peak period for …

Tax Reform and Infrastructure Spending

Hurricanes, the Economy and Tax Reform

David B. Armstrong, CFA Weekly Market Commentary

Our thoughts go out to all of those who have been impacted by Harvey and Irma. There have been a lot of great charitable contributions over the past two weeks but if you are still looking to do something, please consider the animals.  As most of you know, I’m one of those people who treats my dogs as if they …

A Recession Is

Recovery, Accumulation, Boom and Finally Distribution.

David B. Armstrong, CFA Weekly Market Commentary

I think we are somewhere between Enthusiasm and Greed.  Since I had someone ask about investing in Bitcoin, maybe closer to greed. How do you know?  Well that’s a “Million Dollar Question.”  Barron’s had a great cover page article of some thoughts, but you have to have a subscription to read it…so the graphic I copied below shows some of …

I Hate Nazis

Back from Vacation

David B. Armstrong, CFA Weekly Market Commentary

My first post-vacation blog. I go on a two-week vacation and poof, the Nazis are back? Thank God I didn’t take three weeks off. WTF!? I could not help but open with a little levity. We all could use some. For those of you who don’t get the reference to the picture, there was a great scene in The Blues …

It's not a bubble

Why This Market is Not a Bubble

David B. Armstrong, CFA Weekly Market Commentary

Last week’s trading was pretty volatile. One needs to look no further than Thursday’s broad sell-off followed by Friday’s rebound which left the major domestic indexes slightly higher for the week. On the economic front, the ISM Manufacturing and Services data came in very strong last month (more later). The June jobs report indicated economic strength with nonfarm payrolls climbing …