New Year Stock Returns
The first full week of the new year showed market optimism. All four of the components I track rose as summarized in the following table:…
Investing
Monty Pelerin’s Market Posts
Same Downward Drift
Markets ended the year with more of the same downward drift. The Federal Reserve continues its hardline against inflation (which it is responsible for creating).…
Weekly Changes
Another week has passed and the weekly changes are shown below. The Fed showed signs of softening its position regarding interest rate increases, although equity…
Changing Conditions
Recent market action has been confusing. It is likely to become increasingly so. While this post summarizes recent performance, it reflects on changing conditions that…
Weekly Returns
This past week there was little movement in the tracked securities. The changes do not appear meaningful in the sense that they are anything more…
Largest Lottery in History
Last weekend, someone won the largest lottery in history. But that statement is correct only if you limit “lottery” to Powerball tickets. Broadly speaking, the…