Stocks ended the week higher once again, extending the market’s winning streak to a fifth week, after the Federal Reserve surprised by indicating that it may make only two more quarter-point rate hikes this year, down from members’ prior median view that four such hikes were in the cards. The Fed was the headliner, but […]

Not everyone was delighted by Mario Draghi’s decision on March 10 to begin monetizing corporate bonds: chief among them was Bundesbank president Jens Weidmann whose opposition to unorthodox monetary policies is well known, and whose “Northern Block” was among those voting against the ECB’s QE expansion (Weidmann himself was not among those voting last week). Of course, […]

<<< Back to: Sidestep The Decline: The UN-Beta Portfolio I can’t say if we are in a bear rally or, after 7 years, phhht, that was all the correction we got before heading off to the races again.But since I don’t know, I’m very happy with our Un-Beta Portfolio. In my last article, here, introducing this […]

…We can’t rule out the possibility that, at some point in the next few years, our economy will slow, perhaps significantly. How would the Federal Reserve respond? What tools remain in the monetary toolbox? In this and a subsequent post, I discuss some policy options the Fed might consider, focusing first on negative interest rates. […]

As a cash flow and income focused stock investor, I really don’t get the market valuation of Amazon.com, Inc. (NASDAQ: AMZN). The stock trades at close to 500 times earnings per share and has always had an extremely high share value compared to its net income. However, Amazon has become and continues to grow as a […]