Our Commentary

It just keeps getting stranger! The S&P 500 Index is now less than 10% from its all-time high. Indeed, the Nasdaq composite is positive for the year! We have certainly seen the markets do some conflicting things over the years, but this one takes the cake. We do not need to recount here what has been happening to the U.S. over the last month, and frankly, we find ourselves tired of hearing the C-word on the news.Let’s start with the economy. Last month we saw the worst payroll number i

Well, we've been looking at markets for a long time, and this is a new one on us. We have now just experienced the fastest bear market (-20%) decline in history, as well as the fastest increase in jobless claims ever recorded. We had been saying for some time that the market was overvalued and was looking for a reason to sell, but no one was predicting this outcome. We truly hope that our readers had been moving to protect some of their assets over the last year as we advised.

Well that escalated quickly! We found it to be quite the head scratcher a few weeks ago when this coronavirus popped up, and it seemed that the stock market couldn’t care less. Ah, the blissful times just 20 days ago when all news was good news and the market could only go up. What a difference a few short weeks make. Anyone with a working television is probably aware that the stock market has fallen nearly 25% in a very short period as the economic impact of this virus is assessed. A