Over the past few years I’ve written a fair amount about the record-high levels of corporate profit margins. I’ve been focused on this topic because corporate earnings are one of the most popular ways to value equities thus the sustainability of record-high profit margins should be an issue of great concern to investors. If profit margins revert to […]

Fed Playing A Dangerous Game Yellow flags are waving in numerous corners of the market regarding global central banks. As illustrated recently with the three legs of the stool story, monetary policy is not immune to the law of diminishing returns. From The Wall Street Journal: Central bankers are playing a dangerous game, and they are running out […]

We had a very light and shallow sell-off last week, and sometimes that is as good as you will get in a monster rally like we are in.  When the bears have every opportunity to kill a rally and pull the market back some and they fail to do so, that isn’t the time to double down […]

Worries over the global economic outlook, along with volatile oil prices and commodities rout, have led investors to dump riskier stocks and scurry toward safe-haven assets, such as gold and government bonds. While the U.S. economy with its moderate growth expectations amid the global mayhem offers an attractive investment opportunity, the global concerns have spread […]

Global stocks and commodities are rallying today (Wednesday) following the U.S.Federal Reserve interest rate announcement from Chair Janet Yellen yesterday. Yellen was extremely dovish in yesterday’s Federal Reserve interest rate statement, saying the central bank needs to remain cautious when hiking rates this year. The Fed has also cut the number of rate hikes it plans to hold […]