Despite Deteriorating Economics, Equity Markets at All-Time Highs

There were several important news events this week including the Fed’s January minutes. But this took a back seat to Nvidia’s blowout top and bottom-line numbers and its forward guidance which occurred after Wednesday’s (February 21st) market close. The equity market, which had been relatively flat on Tuesday and Wednesday, advanced more than 2% on […]

How the economy really works

The latest economic controversy is something called corporate “inversions.” They occur when a U.S. domiciled corporation buys or merges with a foreign entity and moves their official headquarters out of the U.S. The media has painted this as almost criminal and the Obama Administration as “unpatriotic.” Most who get their news from sound bites believe […]