DIASTOLE ECONOMIC AND MARKET COMMENT

Stock markets were UP last week to record highs as investors discounted the future impacts of tariffs and embraced the Iran-Israel cease fire. Bond markets also rose, pushing yields down.  Oil prices have fallen on hopes that the Middle East has settled down. Some...

DIASTOLE ECONOMIC AND MARKET COMMENT

I took the weekend off; what did I miss? I’m kidding – even though it’s not funny at all. Saturday night the U.S. launched an airstrike against nuclear-enrichment sites in Iran. We do not yet have an assessment of how successful the strikes were. And we are...

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...