Why the Equity Markets Are Out of Touch

    Low Date of Low   12/31/22   6/30/23 Chg fr Low to 12/31 Chg fr Low to 6/30 Chg fr 12/31 to 6/30 S&P 500 3,577.03 10/12/22 3,839.50 4,450.38 +7.34% +24.41% +15.91% Nasdaq 10,321.39 10/14/22 10,466.48 13,787.92 +1.41% +33.59% +31.73% DJIA 28,725.51 9/30/22 33,147.25 34,407.60 +15.39% +19.78% +3.80% Russell 2000 1,655.88 9/26/22 1,761.25 […]

The Economy: On the Other Side of the Abyss

The good news is that a vaccine is definitely coming.  But getting to herd immunity is going to take more than a quarter or two, especially given the resistance of about half of the American population to getting the vaccine, at least early on. The economy is likely to remain soft until well after the […]

This is not your father’s Fed

First published at RGJ.com http://www.rgj.com/story/money/business/2014/05/30/robert-barone-fathers-fed/9728075/ The tools available to monetary policy have large impacts and affect wide swaths of the financial terrain. This has always been acknowledged in the financial community, and, as a result, monetary policy has not been used to target social issues. Until now. Labor markets Fed Chairwoman Yellen has made it […]