Hot Inflation Data Jolts Investors
For nearly a year, investors have been on watch for a potential jump in inflation. Still, this week’s inflation numbers came with some serious sticker shock.
Amazing Earnings Season
We raise our year-end S&P 500 Index fair value target range again in the wake of a stunning Q1 2021 earnings season.
Race To Immunity To Beat Global COVID-19 Surge
Even as an unprecedented global vaccine rollout is underway the daily number of new COVID-19 cases reported (measured by the 7-day moving average) recently passed 1.25 million for the first time.
Let’s Talk About Stocks And Higher Taxes
“Our new Constitution is now established, everything seems to promise it will be durable; but, in this world, nothing is certain except death and taxes,” Benjamin Franklin
Time To Sell In May?
In this week’s commentary, we note some possible reasons for a pause in the rally and why any potential pullbacks won’t last very long.
Here Comes Sell In May
One of the best known investment axioms is to “sell in May and go away.” This is largely because the six months from May through October have historically been some of the weakest months of the year for stocks.
Infrastructure Plan, Higher Income Taxes and Municipal Bonds
President Biden’s recently proposed $2 trillion infrastructure investment plan would, if enacted as-is—a big “if” for sure— provide much needed support to traditional infrastructure projects like roads and bridges amongst other projects. While the plan would tangentially support the municipal market through better economic growth and higher tax revenues, there could be other provisions that would impact the municipal market more directly.
Let’s Talk About Higher Capital Gains Taxes
Stocks sold off yesterday after a report that the White House was considering doubling the capital gains tax on the wealthy to 39.6%.
Peak Optimism?
While optimism surrounding the reopening is certainly understandable, we take a look to see if sentiment is flashing a near-term contrarian warning sign for stocks.
Four Reasons The Future Looks Bright For The Bulls
The bull market continues, with the S&P 500 Index now up more than 10% in 2021. With stocks up more than 80% from the March 2020 lows, the reality is a well-deserved break or consolidation could happen at any time.