The Drive Higher

Posted on Saturday, May 27th, 2017

The big story this week was that the Federal Open Market Committee’s (FOMC) minutes were released from its last meeting. In those minutes it becomes clear that the FOMC is looking to reduce its balance sheet. Long time readers know that we feel that it was the increase in that balance sheet that helped greatly read more.

Trump Troubles

Posted on Saturday, May 20th, 2017

A roller coaster runs up and down spins around and around while finishing where you started and it probably cost you money. – Arthur Cashin We all rode the rollercoaster this week.  While there was plenty of noise and bluster the market fell less than one half of one percent this week. We feel that read more.

Gradual Squeeze

Posted on Saturday, May 13th, 2017

Local governments are in serious trouble as we are now seeing in Puerto Rico and Connecticut. High taxes, capital flight and pension obligations are going to meet the new order. We see technology and social changes on the horizon that continue to cut out the middle man and the ultimate middle man is government. Driverless read more.