Author: John Del Vecchio

Earnings season is underway, and the path to quick profits (or losses) is right in front of us. Expectations are high because of tax reform and solid trends in earnings growth. Sales are trending up, and operating profits are on the rebound. Meanwhile, profit margins are high, with Wall Street analysts projecting more of the…

There’s an old market axiom that goes something like this: You can’t go broke taking a profit. Of course, for every piece of a conventional wisdom, there’s usually a piece of counter-wisdom, such as “let your winners run and cut your losses short.” Both can be useful, depending on the circumstances. In this space in…

Consumers are confident. That has me nervous. In fact, they’re the most confident they’ve been in more than a decade. The Reuters/University of Michigan Consumer Sentiment Index just registered its highest reading since 2004. That should be good for the economy, right? Well, consumers are people, and people as a whole are terrible at predicting…