With a consistent slew of decent enough data releases (not too hot [to embolden the Fed] and not too cold [to worry about recession]),

My overall assessment of today’s U.S. data releases is that — from an equity market perspective — one almost couldn’t ask for more. I.e.,

Indeed — as some friends and colleagues have stressed to me in response to my persistent whining over the perniciousness of protectionism — tariffs

Forgot to touch on the health care sector earlier… Clearly, health care stocks are doing a number on the major averages of late. The

This morning’s log entry only reflects my view of the short-term setup. For a deeper dive, and insight into what guides our allocation decisions,

Premarket: Futures are pointing to a strong U.S. open this morning after an impressive overnight rally in China and positive earnings reports in the

Once again, I offer up my very short-term (inexhaustive, and always subject to abrupt change) assessment with some reservation. I.e., there’s no trading advice

Sentiment is definitely picking up. The widely watched American Association of Individual Investors (AAII) weekly sentiment survey presently shows bullishness rising/bearishness falling: As does

In our year-end 2017 letter I reported the following: “…our macro score presently sits at a very bullish +60, with 85% of the data reading

Once playing, click the icon in the lower right corner for full screen. Focus should occur after a few seconds; if not, click the