Is a Recession in Our Future?

In March the stock market continued its upward climb, albeit at a slower pace than the first two months of the year.  Economic activity continued at a strong pace with more job growth, wage gains, low unemployment and low inflation.  In spite of these positives, talk of a recession dominates the air waves. Why is the R-word so prevalent in such a strong … [Read more...]

Trade Wars and Volatility

In the first days of March the President tweeted that he intends to impose steep tariffs on steel and aluminum to protect American interests.   That sent the market reeling and a twitter storm ensued.  Investors fled the market fearing a trade war only to come back to the market when the administration softened the rhetoric.  The uncertainty generated by … [Read more...]

Tax Reform 2017

Tax reform dominated the airwaves in October but before it could tackle tax reform, Congress needed to successfully pass a budget.  By a narrow margin the budget passed on October 26th and Republicans immediately turned to drafting a new tax plan.  The administration is under great pressure to produce tax reform for the American people before the end of 2017 … [Read more...]

Investors Encouraged by 1st Quarter Earnings Reports

The Dow held its gains for the first half of May, staying within 100 points of its all-time closing high set on March 1st.  Then on May 17th it suffered the biggest one day decline since the November election.  With hindsight the drop turned out to be but a blip on the chart as the stock market recovered quickly.  By May 31st the Dow gained 1/3rd of one … [Read more...]

Stock Market Surges Ahead in February

The stock market picked up steam in February and surged upward much as it did in November following the election. There can be no question that investors are looking forward to a robust economy powered by lower taxes, fewer regulations and an aggressive rebuilding of the infrastructure of this country. The outstanding question is how will this be paid for … [Read more...]

September 11th – The Tenth Anniversary

On the eve of the 10th anniversary of the worst attack ever on our citizens and on our soil, it is normal and it is good to pause and reflect. When I see replays of the twin towers crashing to the ground, I feel the pain and the anguish all over again, almost as I did on that day ten years ago. I witnessed in real time, the brave New York firemen rushing … [Read more...]