DIASTOLE ECONOMIC AND MARKET COMMENT

My birthday is coming up in a couple of weeks, and as usual I am asking for world peace. Short of that, I could really use some Diet Coke and a good book. Your choice. Stock prices didn’t move a lot last week, until Friday when the May jobs report was released and it...

DIASTOLE ECONOMIC AND MARKET COMMENT

It’s June! It’s June! Soon schools will be out and cicadas from Brood XIV will be coming to a sidewalk near you (in the Midwest and East). Yay! In other news, there isn’t much other news. We had Monday off last week for Memorial Day, and investment people apparently...

DIASTOLE ECONOMIC AND MARKET COMMENT

Each of the three major stock indices fell about 2.5% last week – reversing the trend we saw the week before.  It started with the Moody’s downgrading of American debt from perfectly adorable (Aaa) to still kinda cute (Aa1) and ended with more than one pundit...

DIASTOLE ECONOMIC AND MARKET COMMENT

Stocks soared last week after the U.S. and China agreed to a 90-day tariff pause on top of the tariff cuts that were also announced. And in a related story, an arsonist set my house on fire and then showed up with a hose, claiming credit for saving me. The stock...

DIASTOLE ECONOMIC AND MARKET COMMENT

Markets moved up, down, and sideways last week and ended the week essentially unchanged.  On the whole, not too bad. And markets appear to be headed higher this morning, on the news from Treasury Secretary Scott Bessent that a deal was reached with China over the...

DIASTOLE ECONOMIC AND MARKET COMMENT

Have you gassed up your car lately? Does it seem like gas prices are holding steady? A year ago, West Texas Intermediate oil cost about $80 per barrel. Today it’s below $60. That’s a drop of 25%. The price of gas at the pump has fallen over the same period by about...