Category Archives: Behavioural Finance

S&P 500 at 3000: Hurdle, Ceiling or Emotional Test?

Last episode we wrote about the rapid decline in earnings outlooks for the S&P 500. We focus on this benchmark because it represents about 40% of the world equity market capitalization and houses most of the largest companies in the world. The US market is

Why is Inflation So Soft While We Are at Full-Employment?

In 1977, Congress amended the Federal Reserve Act, directing the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to “maintain long run growth of the monetary and credit aggregates commensurate with the economy’s long run potential to increase production,