I’ll begin 2018’s year-end letter as I did 2017’s, with a brief synopsis of how we operate here at PWA. For starters, here are

If you’re wondering if today was simply more of the same algo-driven (to some extent) trading, just in the opposite direction of what we’ve

12/24/18 Monday The market picked up where it left off this morning with a 400-pt Dow decline near the open; that was to be

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

When our family gathers at our home, Judy always sets the head of the table for Dad. You clients know him as Len; the

I mentioned the other day that the market is presently at the mercy of traders and their algorithms. To help you put this moment

If you had told me at the beginning of this year that come year-end we’d be within a stone’s throw of the deepest correction

At this juncture, for the current decline to end up being more than a steep correction in an ongoing bull market there’d have to be

Fed governor Williams sounded a dovish tune in a CNBC interview this morning; essentially stating what the market wanted Powell to state on Wednesday

The underlying data (slowing growth, yet still low recession risk) makes, per the following, for some upside risk for the market heading into 2019