More Hedge Fund Managers Warn that Markets are Overvalued Almost every day another hedge fund manager is trying to warn investors that this market may be getting too high, just like it did before the last two corrections. Considering the typical hedge fund manager directs billions of dollars’ worth of client funds, it’s probably a … Read more
Beware of the Retail Sales Hat Trick Retail sales had back-to-back monthly declines in February and March. This may not seem like a big deal, but when retail sales have three months of consecutive declines, it implies that we are at, in or almost out of a recession. Historically there have been 17 times retail … Read more
Highest Valued Stock Market in History Based on the total U.S. stock market capitalization, is now approximately 207% of GDP. Compare this to the peak in 2007, which was 181% of GDP and the dot-com peak at 202% of GDP. It doesn’t help that GDP growth is very low compared to the prior peaks and … Read more
A new study from Merrill Lynch and Age Wave concludes our retirements are the most expensive “purchases” we will make in our lifetimes. It is 2 ½ times more expensive than the average cost of a new home, nine times the cost of a college education and nearly three times more than the cost of … Read more
Jobs Report Misses Expectations After a strong showing on the ADP jobs report, analysts were excited about the official Nonfarms payroll report coming out today that would show another month of 200,000+ job gains. The March report showed a gain of 98,000 jobs and downward revisions for both January and February, putting into question the … Read more