According to an article published in USA TODAY, America has a new epidemic.  It doesn’t respond to traditional therapies, even though it has debilitating and often deadly consequences. The problem, gradually becoming more pervasive, is loneliness.  US Surgeon General, Dr. Vivek Murphy is hoping to generate awareness and offer remedies before it claims more lives.  … Continued

Week of April 22, 2024 We have changed our Monetary Policy signal from green to yellow, given the recent firming of inflationary pressures in the US and the likelihood that the Fed will have to slow its expected pace of monetary easing. We also replaced “China” with “Middle East“ as a focus of the Biden … Continued

The political class is again seeking to support proposed spending with new and increased taxes.  An apparent favorite for increases is the corporate tax rate.  It is important to understand that, while corporations may send money to Washington, those funds are collected from individuals as part of the selling price.  The only sources of revenues … Continued

Week of April 15, 2024 Domestic common stocks generally advanced in 2023. Some of the gains were realized by investors, meaning tax bills need to be paid by April 15. The funds to pay those taxes, to a degree, are generated by selling more stocks in the mid-April period and last week saw broad common … Continued

The Federal government and many individuals have been on a deficit spending spree. Economists generally agree that more deficit spending by government increases inflation.  Individual’s deficit spending, through a seemingly endless increase in credit card balances, also contributes to inflationary forces.  There is no deterministic model to determine how government (and household) budget deficits drive … Continued

Week of April 8, 2024 The Wall Street Journal published an article on April 7, 2024 noting that the “…Needham Growth Fund (NEEGX), a $208 million midcap growth portfolio… ranked third…” for performance in the first quarter of 2024.  The article then notes that one of the portfolio companies is Thermo Fisher Scientific, a $220 … Continued

Week of April 1, 2024 While geo-political events continued to dominate the headlines, the Standard & Poor’s 500 stock index quietly registered the strongest first quarter gain in 5 years.  Interest rates largely held steady as inflation continued to moderate – evidenced by the personal consumption expenditures index gaining 2.8% for February.  Our Signals remain … Continued

On November 30, 2022, we posted a blog titled “The ESG Conundrum“, that suggested that rising interest in ESG (environmental, social and governance) investments presented a challenge to prospective investors.  With no clear definitions, we concluded that ESG was essentially what the portfolio manager said it was.  We also questioned whether the pursuit of ESG criteria … Continued

Week of March 25, 2024 Last week the EPA pushed back its CO2 emissions requirements by two years to 2032. Gas powered cars will not be able to make up more than 30% of an auto manufacturer’s sales. This gives the likes of Ford and General Motors two extra years to figure out how to … Continued

Historically, homeownership has been viewed as a conservative path to building wealth.  However, the recent housing bubble, that saw values peak in 2006 and not fully recover until some ten years later, gave pause to the idea that owning your home is the best option.  For most people, a home is both an investment and shelter.  … Continued