Markets suffered their first real Trump-rally stumble last week, as traders moved out of some of the best-performing market sectors, banking profits ahead of policy disappointment. That policy disappointment came last Friday, as the failure of the GOP health care plan to even make it to the House floor for a vote was widely viewed

Today is a historic one across the pond, as Britain has made “Brexit” official by invoking a provision in European law known as Article 50. Britain’s European Union (EU) ambassador formally triggered what is likely to be a two-year process of the United Kingdom extricating itself from membership in the European Union. And the Brits

It has been a bit of a banality over the past several months to say that the markets have been driven by the prospects of getting the pro-growth Trump agenda through Congress.   Indeed, since Nov. 9, stocks basically have kept the pedal to the metal, with the bullish engines pinned to the red line

With the Trump victory, it is a whole new day for the financial industry. The Dodd-Frank financial regulations are likely to be rolled back dramatically, and interest rates—after years of being pinned near zero by misguided monetary activism—should start to rise either as a result of faster economic growth, higher inflation, or a new regime

By Richard C. Young IBM led off its 2015 annual report with the following: “IBM is unique. It is the only company in our industry that has reinvented itself through multiple technology eras and economic cycles. We do so for one reason: to create differentiating value for our clients and for you, our owners.” In

By Richard C. Young I have five decades of experience riding what to most investors is a stomach-wrenching roller coaster of big losses and modest gains. Inertia, emotionalism, lack of discipline, lack of patience, a know-it-all ‘tude, and abject greed rip the guts out of losers. I am impervious to emotionalism and have the patience

On Tuesday, the markets belched a big decline, experiencing their first drop of more than 1% in the major indices in some 111 trading days. That’s a long time without the sellers asserting themselves, and it was a pullback that was long overdue. Markets have settled a bit today, but make no mistake, the selling

By Richard C. Young The stock market has been humming YTD. In February, the Dow rose for 12 days in a row—only the fourth time in the last 117 years it has managed that feat. The first time was in 1929, the second in 1970, and the third in 1987. On each of those occasions,

It is St. Patrick’s Day, so for those who celebrate the occasion, I plan to tip my glass to you tonight. And though I’m not Irish, I am feeling more than just a little bit lucky these days. Not only do we have a market pushing the needle on seemingly evermore new highs, our current

The Russian Front Donald Trump has promised “America First,” along with really big moves to put his master plan in place. Time will tell, but Trump, without question, is off to an energized start.   Russia Much Larger than China Americans have heard plenty, pro and con, on America’s relationship with Vladimir Putin and Russia. It