Summer 2023 Investor Letter: No Recession Yet and A.I.
With the second quarter in the rearview mirror, some equity markets in the U.S. generated record beating returns. The Nasdaq 100 Index was up 39.4%, a record…
Equity Market Telegraphing a Strengthening Economy?
About a year ago many strategists were calling for a U.S. recession to begin by mid-year this year. A part of the rationale behind this thinking was the pace…
With the first half of 2023 coming to a close this past Friday, the equity markets rewarded investors with a strong performance. Much of the markets return to…
The talk of a recession has been ongoing for what seems like more than a year. One such headline from mid-year 2022 predicted the U.S. economy would be in a…
A characteristic of the market advance this year is the fact a small number of stocks are contributing to the advance. Further, the stocks contributing the…
Retirement Meditation #45: Do you know how many compliance tests are required annually for your retirement plan?
A plan sponsor offered a safe harbor 401(k) plan using the basic match formula and wanted to redefine compensation to exclude commissions for deferral and safe…
My blog post yesterday highlighted the narrowness of the market advance this year, i.e., a handful of stocks generating most of the return. One area of the…
A Small Number of Stocks Contributing to the Market's Advance
From time to time I note the economy is not the market and vice versa. Being aware of this difference has proven important this year as the S&P 500 Index is up…
Retirement Meditation #44: Has my company outgrown its SIMPLE retirement program?
Pre-COVID, a small business investigated a move from their SIMPLE IRA to a more traditional 401(k) plan. The growing organization was approaching and looking…
Potential Significance of Growth Stocks Outperforming Value Stocks
I have written about the performance differences between growth stocks versus value stocks depending on the business cycle. As the economy begins to accelerate…
As NFL teams rotated into their position to make a draft selection in the recently completed NFL draft, they were placed "on the clock" in terms of having a…
