The National Association of Home Builder monthly sentiment index (January’s results just released) — one of the 79 inputs to our macro model —

Circa 1923, the otherwise media-aloof Jesse Livermore confided in journalist Edwin Lefevre and gave the world what became in my view history’s greatest written work

Having spent nearly my entire adult life in the investment arena, I must tell you that I feel completely at home in the stock

As I type Dow futures have dropped from +150 to -230. A 380 decline that began the minute the January Consumer Price Index came in

If you happen to be of the mind that somehow U.S. companies are getting a raw deal on the global stage, well, we’re looking

Small businesses employ 2/3rds of the U.S. workforce. Hence, the monthly NFIB Small Business Optimism Index is one of the 79 inputs to our

Those of you who’d prefer to see the present correction end sooner than later will like how the market at least opens this morning.

In our year-end letter we mentioned that our expectation for market volatility in 2018 was, ironically, one of the positives for financial firms’ earnings

While you wouldn’t know it by recent price action, the current earnings season — with over a thousand U.S. companies having issued their Q4 results — thus far ranks

A short video on the history of corrections during the present bull market, and on our view of present circumstances. Once playing, click the