Last week saw the Fed deliver the expected 25bps rate hike but with a somewhat hawkish communique. After posting five consecutive record highs the prior week for the first time since April 2009, equity markets finished somewhat mixed last [...]

Wealth is very personal. If you’re like me and grew up in a stoic rural Iowa town, you know people there don’t talk about their wealth. They don’t brag and they certainly don’t want their neighbor to know just how good – or bad – they hav [...]

The Trump market rally in stocks continued last week, adding another 3%+ to some already impressive gains since the election.  Since November 8th, the U.S. dollar has surged to all-time highs, the S&P 500 is up 6%, and the DJIA is up [...]

The three week post-election equity market rally finally took a breather last week while the bond market logged a fourth consecutive weekly loss.  Longer term rates, in particular, rose on speculation that the U.S. will entertain issuing [...]

Equity markets maintained a positive trend in the Thanksgiving holiday shortened week, posting a third consecutive week of gains while interest rates trended sideways (10yr -0.01%) and high yield spreads tightened 0.18% to 4.66% over Trea [...]

The bet that single party control in Washington D.C. will result in big deals on taxes and regulation continued unabated last week.  As we’ve stated, with all politics, reality falls somewhere between changes at the margin and the sweepin [...]

Pundits, pollsters, party insiders and market makers.  What do these people all have in common? The easy answer is that they all made the wrong call on the Trump v. Clinton election.  The more difficult idea to unpackage is why. Exit poll [...]