Market Commentary

Hey John, “This time is different.” We hear that a lot in the financial markets. Today, that means the notion that the New Economy is resistant to recessions. That was right before technology stocks lost nearly 80% of their value. Green Shoots are growing, and the economy is like Goldilocks… not too hot, not too…

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…