If you are investing on momentum alone you will not likely be successful in the long run. When it comes to investing, a knowledge of history may be that edge. There are currently a number of anomalies that could make an investor nervous. There are currently a number of anomalies that could make an ...

http://macrotomi.com/storage/blog-post/July2020/wwMqWNKL8ClBDj58PhcZ.png We are currently tempering unemployment with what is now the tail end of the Payroll Protection Program (PPP) – stimulus engineered with forgivable loans to corporations who retain employees on their payroll. As this ends, we ...

The Nasdaq these days is flirting with new record highs. This is pretty amazing and even more so if you juxtapose that against some other recent records highs, namely the unemployment figures, the continuing weekly jobless numbers on excess of 1M for the 15th consecutive week. Perhaps the stock inv...

We will get to a point where the markets can no longer deny the 'very ugly' data - be it the Q2 GDP and/or other data points. Current euphoria is abetted by a lack of data, other than some employement data with a positive spin on it. The Market may very well rally - especially with hope of added sti...

The Markets are in a Suspended Animation Perpetuating a Denial of Reality Given this backdrop of instability and market fragility, how can in the midst of a pandemic the markets not only recover so almost completely, but maintain their recovery stamina? I believe we are in a data vacuum - with no Q...

The Brookings institue published a recent article about all of the recovery shapes ( https://www.brookings.edu/blog/up-front/2020/05/04/the-abcs-of-the-post-covid-economic-recovery/ ) and they include a Z-shape.  They however tilt the Z so it's really a sharp down, a long recovery, another mild down...