If you suffer any ambiguity over the steel and aluminum tariff debate, allow Milton Friedman six minutes to clear it up for you: (HT

While getting a jump this morning on our internal weekly macro update, one of the inputs to our index — the “corporate financing gap”

In yesterday’s blog post we suggested that the stock market (participants in the aggregate) — based on its strong positive response (Dow +441) to the

In this week’s message we stated the following on stocks and short-term risk based on this morning’s jobs report: If the February jobs report

Here’s the headline: (Bloomberg) — China’s exports surged and its trade surplus unexpectedly widened in February, illustrating the lopsided nature of global commerce that

This morning’s video commentary piggy backs onto last night’s with a little deeper dive into our ongoing research and assessment of current conditions. Highly

Here’s a slice of my end of a friendly dialogue regarding current events. I’m offering this up to inject some clarity into the very

The President’s chief economic adviser — one the capable advisers (who adamantly opposed the recently unveiled tariff scheme) we referred to in an earlier

In a recent weekly message we suggested that a strong two-day rally in stocks at the time was based on false pretenses: the notion

Economist Ed Yardeni echoes our chief concern for the market coming into this year (as expressed in our 2017 year-end letter), and the idiosyncrasy