The stock market appears to be taking a well-deserved breather after a double digit first quarter 2012 return. Volatility has increased recently and we find ourselves back nearly where we started the month. We continue to see a disconnect between corporate earnings (very strong) and U.S. economic data (getting better but still not great). Read More
Do you believe the economic recovery is real and sustainable? Those are really two questions, and we suppose someone will want to parse our definition of “real.” Read More
Stock prices have been doing well, corporate earnings are increasing, and economic data are improving. It is a fragile recovery but a recovery nonetheless. Read More
The Fed has played a very important role in stabilizing our economy and financial systems, and it continues to do so today. However, the economy and markets will only return to a healthy state when investors shift focus from anticipating government’s next move to anticipating organic improvement in corporate earnings. Read More