When trying to determine the correct valuation for stocks, several different criteria are evaluated. Some of these include: Overall economic growth / strength, expected earnings, expected growth rate of those earnings going forward, predictability /…
Thought Leadership
With the massive spending by the Federal Government and sharp revenue declines for public entities across the country, it is hard to imagine taxes not going up at some point (but not until after the election).…
Trading Perspectives Podcast #89: The Impact of Unemployment on Society
The Impact of Unemployment on Society In the last 2 months, America has lost decades worth of jobs. 2-3 million people a week are filing initial jobless claims. What does that mean for society in terms…
Another week, another slate of really awful looking economic data. I mean really bad. To be sure, Initial Jobless Claims were better than they were the previous week, and some people are taking a measure of…
COVID-19 has completely turned our world upside down, forcing both individuals and corporations into a ‘new normal.’ Some of this has been positive and, obviously, some of it hasn’t. Many corporations have likely come to a…
Trading Perspectives Podcast #88: The Effect of Covid-19 on Local Municipalities
The Effect of Covid-19 on Local Municipalities This week’s episode features Stewart Welch, the Mayor of Mountain Brook, Alabama and Founder of the Welch Group. Although most people think they know how local governments work, Mayor…
What will the “new normal” be when we finally ‘get past’ COVID19? How will we live our lives and conduct business? I get this inquiry several times a day, if not more, and I wonder myself:…
Despite headlines claiming it was better than expected, this morning’s Employment Situation report was dreadful. It was the worst piece of economic data I have seen in my career, and saying anything other than that is…
Extra Debt & Interest Rates Now on the 3rd stimulus package, people are starting to complain about the trillions of dollars the US Treasury is throwing on the economy. How are we going to pay for…
Last night, between the time my head hit the pillow and when I finally fell asleep, I wondered how much longer stocks could rally despite the amazingly awful economic data. To be sure, the US markets…