The Most Dangerous Man In The World

He is the most dangerous man in the world. It’s not necessarily that he means to be. In fact, I think he actually means quite well. Instead, the fact that he is so dangerous simply comes with the position. So much absolute power. So little oversight and accountability. So many cheer him when times areContinue reading “The Most Dangerous Man In The World”

Sugar High And Dry

The Tax Cuts and Jobs Act of 2017 gave corporate earnings a sugar high. GAAP earnings on the S&P 500 Index increased at a robust double-digit rate throughout 2018. Much of these gains came thanks to the significantly lower tax rates for corporations that came thanks to the legislation that was signed into law atContinue reading “Sugar High And Dry”

Great Expectations

The U.S. stock market has a bit of an expectations problem. The rebound by the S&P 500 from its Christmas Eve lows has been impressive. So far, the benchmark index has rallied by +14% and has posted gains in 16 out of the last 21 trading days along the way. In some respects, this latestContinue reading “Great Expectations”