In PART 2 of our discussion on why rising interest rates are generally negative for stocks, we illustrate the mechanics of discount rates. As
The stock market recovery following the initial COVID scare in March 2020 has been strong...maybe too strong. Many companies with no profits experienced big
The dual battle against the covid-19 virus and resulting financial turmoil continues. As it happens, in my annual State of the Markets presentation this year, I
It has been an extraordinary month as the reality of the spreading coronavirus and its economic consequences sets in. Unfortunately, the playbook for managing a
Whew…what a week! It brings me back to my first year in the industry. I reported to work the first week of January 2008. Little did I (or anyone else for that
In mid-February, we hosted our annual “State of the Markets” breakfast. Once again the weather was crummy. In fact, the snow was bad enough that schools closed