Last week, I wrote: “The bottom line is that there is only one way for the U.S. to bring its balance of payments into normal

Last week, I wrote that: “Trade wars and the end of U.S. exceptionalism crashed global growth expectations and hopes for lower inflation. Indeed, the OECD

Last week, I wrote that: “A shift in sentiment from euphoria to recession fears within a month has priced the idea of a “hard landing”

Last week, I ended my note to readers saying: “With almost every company reporting, earnings for the S&P 500 in Q4/25 have risen by a

I ended last week’s Commentary by saying that the stock market has taken a second breather in the wake of a flurry of rapid-fire statements,

I ended last week’s commentary by saying that the stock market needed to take a breather. Under the flurry of rapid-fire statements, official pronouncements and

Although 57.4% of investors, according to the AAII survey, expect that the mere talk of new trade policies may be sufficient to slow growth and

I ended last week’s commentary with this note: “I hear from Wall Street that the flurry of rapid-fire statements and executive orders coming out of

President Trump kick-started the MAGA agenda on Day 1 with 5 important quotes that set the tone for the next 100 days. These are particularly

The S&P 500 rose 3.2% this week, benefiting from solid earnings reports, cooler inflation prints and incoming pro-growth policies. The benchmark would have performed even