2024 Market Fundamentals

My investment process is a Top-Down meets Bottom-Up style. With a focus on Behavioral Finance being used on the Top-Down portion of the analysis and intense cash flow analysis supporting […]

As readers of my research know, I track actual earnings versus potential earnings of the S&P 500 with the potential earnings being derived from the nominal GDP figures. I put […]

We’ve had a lot thrown at us recently: two wars, inflation, high interest rates, a bear market, and now an election is on the horizon. What could be next for […]

Over the last 5 years, we’ve seen an incredible rise in the value of stock market assets. Below is a table showing the year by year returns of the S&P […]

In my opinion, “The Powers That Be” took actions to save the banking system. If any other benefits trickled down to the broader economy, including individuals, that was fine…but the […]

I put out a report a few months ago entitled “Reflexivity.” I know most people don’t know what the heck that terms means, so here is a brief description of […]