It’s been a long time since we’ve heard the phrase “irrational exuberance” or “green shoots” continuously in the press. Perhaps there is good reason for this as both are reflective of turning points in the market. Today we see leading, lagging and coincident indicators all supporting a growing market, a positive or expanding tone to… Continue reading Irrrational Exuberance
Tag: CPI
Shall We Watch the Fed, Geopolitics or the World Cup?
This week the Fed meets again and the general consensus seems to be a continued reduction of asset purchases but beyond that is grey. The cycle is pretty standard, when the Fed is easing or in an easy monetary policy they usher in a boom. When the Fed tightens, it ultimately causes a bust. Without… Continue reading Shall We Watch the Fed, Geopolitics or the World Cup?
Madness Maneuvered as Markets Continue Ascent
There is little evidence that the fiscal follies of Sept./Oct. have slowed the US economy. We believe growth is likely to pick up to a 3-3½% pace in 2014, for three main reasons: The decline in federal spending is likely to slow sharply. We expect a meaningful acceleration in consumer spending. We expect capital spending… Continue reading Madness Maneuvered as Markets Continue Ascent