Making the economy, markets, and personal finance less complicated

Michael, with the help of his investment team, share weekly thoughts on current economic and market happenings as well as things investors may be overlooking mixed with some personal financial planning guidance.

Recent Posts

  • Investment Strategy

    Banks Still Waiting for Liftoff

    Apr 21, 2021

    The banks have been reporting first-quarter earnings over the past week, and the results have been lackluster. But I’ll start with the good news. Credit is tre…

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  • Investment Strategy

    Curb Your Enthusiasm? What I Didn’t Say on Halftime Report

    Apr 15, 2021

    Our great host Scott Wapner reported that a number of the big banks were issuing cautionary warnings on the stock market. Bank of America authored “Curb Your …

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  • Stock Market

    Entering Earnings Season

    Apr 14, 2021

    As we get into the heart of the earnings season, we thought we’d take a final look at earnings estimates. The chart below shows that S&P 500 estimates have…

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  • Economics

    Why So Pessimistic?

    Apr 9, 2021

    Last Friday we learned that the economy added 916,000 jobs in the month of March – the most since August of last year. We also learned that unemployment fell t…

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  • Stock Market

    The Archegos Debacle

    Apr 5, 2021

    Over the past week or so there has been some unusual volatility in a handful of stocks, both US and Chinese. Media reports have attributed the volatility to fo…

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  • Investment Strategy

    Investing in Municipal Bonds

    Jan 21, 2021

    Investing in municipal bonds can be a complicated process. Unlike the more plain-vanilla structure of US Treasury bonds, municipal bonds can have a wide range …

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  • Monetary Policy

    “King Dollar” Is Losing Its Luster

    Dec 18, 2020

    Following several years of relative strength, the US dollar has weakened rather precipitously since the early stages of the coronavirus outbreak. While many ec…

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  • EconomicsInvestment Strategy

    Hit ‘Em Where They Ain’t

    Nov 12, 2020

    Generally speaking, the developments over the past couple of weeks have been received positively by investors…VERY positively. As I write, the S&P 500 is u…

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  • Economics

    What Are the Markets Telling Us?

    Nov 4, 2020

    Anyone who stayed up past about 11:00 last night watching the election returns knows that the polls pretty much got it wrong . . . again. The much-vaunted “bl…

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