Despite this week’s selloff, 2019 has been a good stock market year so far. Through the end of April, the S&P 500 increased over 17%! That’s an annualized rate of approximately 54%. Of course, annualizing stock market returns after four months is like thinking “Superbowl” after your team’s fifth consecutive win. The football season can…
Brexit in a nutshell . . . A guy decides to get a divorce and says he doesn’t want to pay alimony. The judge says, “Sorry, you have to pay alimony.” The guy says he doesn’t want to pay child support. The judge says, “Sorry, you had the children, you have to pay child support.”
We have repeatedly stated that we believe interest rates will remain low and eventually go lower. This has been somewhat of a contrary view in that most people can list a litany of reasons why interest rates will rise. For example:
After experiencing the WORST December stock market in over eighty-five years, we had the BEST January in thirty years. That’s right, after dropping over 9% in December, the S&P 500 gained 8% in January. Not quite back to even, but enough to help nervous investors sleep better. But before those investors get too comfortable, we…
The good old days. A gallon of gas cost 10 cents. You could buy a house and a car for less than $8,000. Construction of the Empire State Building was completed, and gambling was legalized in Nevada. The country was in the grips of “The Great Depression” and the unemployment rate exceeded 16%.
