Treasury Secretary Yellen said after her return from the G-7 finance minister’s meeting that President Biden should push forward with his $4 trillion spending plans “even if we ended up with a slightly higher interest rate environment it would actually be a plus for society’s
The natural rate of growth for an economy is a combination of how many workers there are (population) and how productive they are working (output per unit of labour costs). Simply put, how many widgets do we produce and how many workers do we have
When it comes to ex-anti forecasting, time frame is everything. As much as the industry preaches that timing does not work, decision making about risk and return has everything to do with timing. The first chart we look at of gold bullion spot price in
The history of commodity cycles can last for years. There is likely more to go in the current boom part of the cycle. However, they have shown strong patterns of boom and bust over decades. Sometimes it is supply shortages in the case of weather
The big tech giants known as the FANGMAN stocks that make up about 25% of the S&P 500 mostly reported great earnings and almost in every case, the initial reaction was sold into. Add in Tesla, Visa and Mastercard as well and you have a
The next two weeks hosts the bulk of earnings season. Big cap technology is always an important feature as it has been leading earnings growth for many years. According to the Bloomberg bottom up Q1 consensus, the Technology sector is a significant driver of total
The regulators tell financial advisors that their clients’ need to have portfolios linked to their risk tolerance. Historically, they was accomplished with fixed income in portfolios. The rule of thumb was that the older you are, the safer your portfolio should be, the more fixed-income
Members of the American Association of Individual Investors (AAII) told us last week they are VERY bullish, but not all of our PRO-EYEs metrics are lined up that way…yet. The last several times our Berman’s Call PRO-EYEs composite hit these levels, the odds of a
According to S&P Global, at the start of the year, bottom-up estimate expectations for 2021 were about $164. Bloomberg consensus had similar numbers. FactSet, had the number at $167 to start the year. They are currently at $176. The current numbers for 2022 are about
Antitrust issues have been a market factor since the 1887. A company gets too big and it can hurt consumers. There is a basic history lesson here. In recent years, big tech MSFT, GOOGL, FB and others have been subject of Congressional crosshairs. Jeff Bezos