Wit & Wisdom – 8/5/2020

Good morning. According to a note just seen on Bloomberg, more than 2 million people were without power at some point over the last day due to the storm … yet the electricity seen in the equity markets seems to be continuing to heat things up as stocks are up another 300 points so far […] Read More

Wit & Wisdom – 8/4/2020

Good morning. Stocks are barely in positive territory this morning as tornado warnings (having to do with weather and not the markets) are being broadcast on airwaves from Maryland to New York. Meanwhile, some sectors of the country are seeing improvements (in the virus, not the weather) as 41 states yesterday reported fewer than a […] Read More

Wit & Wisdom – 8/3/2020

Good morning. Well … I don’t know where to begin. News on the virus seems to imply that it is still quite a problem (to put it mildly), as Dr. Brix points out that it continues to advance and even worsen. We also have one Fed official giving the opinion that the U.S. should change […] Read More

Wit & Wisdom – 7/31/2020

Good morning. Markets are mixed this last day of July, but there is little for investors to complain about … at least as far as stocks are concerned, as there is a chance we will see our 4th monthly gain in a row. Still, there is a bit of worry about the weeks ahead as […] Read More

Wit & Wisdom – 7/30/2020

Good morning. Looking at the weather map this morning … trying to plan the weekend … it appears that a storm is heading our way. But some economists … who base their assessments on data rather than clouds … probably feel the storm has already arrived. The GDP number came out this morning and is […] Read More

Wit & Wisdom – 7/29/2020

Good morning. Normal stuff happening. Stocks up slightly, my coffee tastes horrible, people continue to freak out over the virus, politicians are making up stuff and the Fed appears as if it ready to announce it will take a wait-and-see attitude regarding policy. I saw a note from the Conference Board showing consumer confidence dropped […] Read More

Wit & Wisdom – 7/28/2020

Good morning. Stimulus talks continue in Washington, with payments being portrayed as a life raft for the U.S. economy in the face of the pandemic’s effect on everything from employment to consumer spending. The problem, of course, is that no one knows when our present nightmare will end … and we are seeing organizations already […] Read More

Wit & Wisdom – 7/27/2020

Good morning. Stocks are in positive territory to start the week as June sales of durable goods – products expected to last a long time – came in better than expected. There also appears to be increased optimism that a vaccine will be coming … and will be successful … taking a bit of an […] Read More

Wit & Wisdom – 7/24/2020

Good morning. Stocks are down again this morning, as it appears battles between the U.S. and China are heating up again. At this moment the present slap-fight is the typical “you close our consulate, we close yours,” yet there is concern – as there always is – that this will escalate into something more. Will […] Read More

Wit & Wisdom – 7/23/2020

Good morning. The number that came in this morning on the filing of new unemployment claims was unsettling, as it provides further proof (as if any was needed) that the virus continues to have quite an effect on the economy and on people’s lives. Of course it all depends on where you are sitting … […] Read More

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