Which Is Correct — the Stock Market or the Bond Market?
Photo by tamayura39 “Do I contradict myself? Very well then I contradict myself, (I am large, I contain multitudes.)” − Walt Whitman, Song of Myself As the S&P 500 Index reaches all-time highs with an extraordinarily high valuation by most measures, how can the...
What Does a Chicago Bankruptcy or an Illinois Bankruptcy End Game Look Like?
Photo by shellybychowskishots “How did you go bankrupt?’” Bill asked. “Two ways,” Mike said. “Gradually and then suddenly.” – Ernest Hemingway, The Sun Also Rises Chicago and Illinois are in dire financial straits as a result of decades of...
The Impact of Inverted Yield Curves
Photo by duncanandison “Those who have knowledge, don’t predict. Those who predict, don’t have knowledge.” − Lao Tzu In our most recent investor commentary, we discussed the drivers for the stock market downturn during Q4 2018. We suggested that monetary...
