Wit & Wisdom – 8/15/2019

Good morning. It appears we will have a topsy-turvy day in the markets today … and I expect single tweets and comments may add (or take away) a few hundred Dow points in a matter of minutes. Such is the environment we often find ourselves privy to … following a day of very sharp decline […] Read More

Wit & Wisdom – 8/14/2019

Good morning. Well it is certainly not a good morning in the markets … as one yield curve indicator … one which Fox Business claims has a “perfect track record” … is warning that a recession may lie ahead, sooner than many expected. Keeping in mind that this indicator refers to U.S. yields, I take […] Read More

Wit & Wisdom – 8/13/2019

Good morning. The turmoil in Hong Kong continues to worry investors, as protesters shut down the airport for the second straight day. But China has, so far, not intervened to any large extent … which some see as a good thing … feeling that such a move might only fan the flames. China, of course, […] Read More

Wit & Wisdom – 8/8/2019

Good morning. In 1929 … just before the crash … Yale economist Irving Fisher famously wrote: “stock prices have reached what looks like a permanently high plateau.” Of course, Mr. Fisher was wrong … and his quote is often cited in most stories related to the Great Depression. What brought this to mind today was […] Read More

Wit & Wisdom – 8/7/2019

Good morning. While stocks are once again down this morning, a bigger story might be the drop in bond yields … as the 30-year … according to CNBC … is quite close to its all-time low reached in 2016 … as investors are moving toward the safety of government bonds. This affects a lot of […] Read More

Wit & Wisdom – 8/6/2019

Good morning. Following yesterday’s sharp drop in the equity markets we have a slight rebound this morning … as reports claim the Chinese currency has “stabilized” and … as Daily Shot claims … we have: “… global markets breathing a sigh of relief.” Note, however that the “sigh” that is mentioned is a quiet one […] Read More

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