Fortune magazine recently published an article with a title suggesting that investors should congratulate themselves if their portfolio was down 5% for the first quarter of 2022. “If so, …you’re an investing genius,” it ruefully claims. For stocks, it was the worst quarter since the start of the pandemic 2…
After the tsunami of financial stimulus that flooded into the economy and the financial markets over the past two years, inflation has come roaring back. This is no surprise to most observers; even the members of the Federal Reserve Board appear to have abandoned their use of the word “transitory”…
We have just passed the 40th anniversary of the highest interest rates in US history. It all started in the early 1970’s when the first OPEC oil embargo pushed energy prices to record levels and helped ignite a period of inflation that spiraled into the double digits by 1980. Interest…
After almost a year and a half of covid-related restrictions, the economy has begun to re-open and investors like it. As of the end of the second quarter, the S&P 500 has advanced 14.4%, the DJIA 12.7% and the more tech-related Nasdaq Composite 12.5%. Long term bonds have recovered a…