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November 2017

Fed Likely to Put Economy at Risk

Market volatility finally showed up in the popular indexes (DJIA, S&P 500, NASDAQ).  These were down two weeks in a row as of November 17 on rising volume (never a good sign when markets are falling), and they are no higher than they were a month earlier (October 20).  The VIX, a measure of market volatility, rose to 13.13 on November 15, from a near record low of 9.14 earlier …Read More

The Headlines Say Growth…

The headline numbers, for jobs and GDP, and most of the sentiment indexes, would lead one to conclude that the economy was robust and accelerating. Even the Fed agrees, as they upgraded their view of the economy to one now in “solid” growth mode. The reality is that much of the data was distorted by the hurricane rebuild effort, and Q4 data will also be plagued by distortions due to …Read More