“The stock market is a giant distraction to the business of investing.” Jack Bogle, Founder of Vanguard With stocks up five months in a row, we’ve hit some weakness so far in August, which is fairly normal as we discussed in Stocks Don’t Like August, Now What? Here’s the truth, investors have been rather spoiled …

“When the facts change, I change my mind – what do you do, sir?” -John Maynard Keynes One of the main reasons we were overweight equities at the start of this year was because virtually no one else was, as we explained in mid-December in Is Anyone Bullish?. Sure, there were a few bulls, but …

“It’s not what you look at that matters, it’s what you see.” -Henry David Thoreau It finally happened, US consumers officially have more than $1 trillion in credit card debt, an all-time record. Not surprisingly, many claimed this was a sign the consumer was tapped out and simply spending and buying everything on credit cards. …

“I don’t make jokes. I just watch the government and report the facts.” -Will Rogers What happened? Rating agency Fitch downgraded the U.S. government’s longer-term credit rating to AA+ from AAA. This was the second time in history a rating agency did this, as S&P Global Ratings did it in August 2011 after a government …

“Plans are worthless, but planning is everything.” President Dwight D. Eisenhower Another month and more strong gains. Make that five months in a row, the S&P 500 finished higher. The S&P 500 is now up close to 20% on the year, just like everyone predicted. 😉 We came into the year overweight stocks and remain …

Sonu and I were honored to be joined by Tom Lee, Managing Partner and the Head of Research at Fundstrat Global Advisors, this week on the Facts vs Feelings podcast! I’ve been a fan of Tom for many years and you might know him for being one of the very few bulls coming into this …

“However beautiful the strategy, you should occasionally look at the results.” – Winston Churchill How about that? As soon as we released our Mid-Year Outlook and talked about this bull market broadening out the rest of this year, with other areas besides just technology and communications leading, we find the Dow up nine days in …

“You can learn a lot by looking.”  -Hall of Fame catcher Yogi Berra Stocks had one of their best starts to a year ever after six months in 2023 and the fun has only continued so far in July. If you’ve followed us since late last year then you know that we expected a good …

“Despite the slowing recovery in tourism in the region overall, one contact highlighted that May was the strongest month for hotel revenue in Philadelphia since the onset of the pandemic, in large part due to an influx of guests for the Taylor Swift concerts in the city,”  -Philadelphia Federal Reserve Bank The economy has surprised …

“Here I go again on my own. Going down the only road I’ve ever known.” -Here I Go Again by Whitesnake One of the main reasons we came into 2023 overweight equities (when everyone else was talking recessions and bear markets) was the over-the-top negativity. Rarely is the crowd and obvious trade right when it …