It would appear this morning that OPEC has agreed to a cut in production, with the Saudis softening their position on Iranian production. Formal details of the deal will come at a later time. However, the oil bulls got what they wanted. We also saw a drawdown in crude inventories this morning, according to the

By Richard C. Young In a series of lectures and papers in 1928, John Maynard Keynes traced England’s success from the late 16th century, starting with a treasure Francis Drake had stolen from the Spaniards in 1580. Keynes was writing at the height of the British Empire, and he chalked England’s success up to compounding.

I must admit to my distinct bias toward Thanksgiving as my favorite time of year. Sure, I love Independence Day and the summer surfing season, but there’s nothing that compares to the nip in the air in November, a big holiday feast and the Christmas season right around the corner. This time of year is

It’s Thanksgiving, and it’s my favorite holiday, and my favorite time of year. Yes, I love the Fourth of July, and the sunny Southern California summer beaches. Yet there’s nothing that compares to the nip in the air in November, a big holiday feast, and the Christmas season right around the corner. This time of

As families gather for this Thanksgiving, there will certainly be lots to talk about. While these conversations may prove to be contentious at times, it is important to be thankful as well. In that vein, Doug and I wanted to take a moment to say thanks to you, our loyal subscriber. Without you, we would

It’s Thanksgiving, and it’s my favorite holiday, and my favorite time of year. Yes, I love the Fourth of July, and the sunny Southern California summer beaches. Yet there’s nothing that compares to the nip in the air in November, a big holiday feast, and the Christmas season right around the corner. This time of

It’s been 10 days since the country elected Donald Trump to be its 45th president, and the markets are adjusting rapidly to this new reality. U.S. equities scored a second-consecutive week of gains, albeit less so this week than last week’s outstanding surge. Still, there were big gains in “Trump win” sectors such as infrastructure,

It’s been 10 days since the country elected Donald Trump as its 45th president, and already the markets are adjusting to this new reality. U.S. equities soared last week, with big gains in “Trump win” sectors such as infrastructure stocks, banks, defense stocks, etc. The gains in these markets have pushed the major indices to near

It’s been 10 days since the country elected Donald Trump to be its 45th president, and the markets are adjusting rapidly to this new reality. U.S. equities scored a second-consecutive week of gains, albeit less so this week than last week’s outstanding surge. Still, there were big gains in “Trump win” sectors such as infrastructure,

It has been eight days since Americans took to the voting booths to elect Donald Trump. Since then, we have seen the market dominated by rotations in and out of sectors and asset classes. This fact is evident in how the Dow, S&P 500 and Nasdaq all have moved somewhat independently from each other during […]