Who is next?

The vote is in and all you have to do is look at world markets to discover the verdict. The citizens of the United Kingdom voted to exit the European Union. Chaos reigned for today but tomorrow may be a different story, at least for U.S. investors. Do not panic. Most...

It’s still a coin toss

  Despite all the algorithmic programs, high-powered computers, enormous capital and worldwide connections, what happens in the investment world sometimes comes down to a coin toss. The British vote next Thursday to stay or exit the European Community is shaping...

The only game in town

Investors are scratching their heads in confusion. How can U.S. stocks, bonds, commodities and the dollar all go up at the same time? It flies in the face of historical relationships that have been around for years. Thank the central banks of the world for the present...

There goes the June rate hike

  Traders thought it was a misprint. Economists, expecting as much as 160,000 job gains last month, sat back in stunned silence. The dollar dropped and gold rose. Given that only 38,000 jobs were added to the economy in May, their response was appropriate....

Summertime, but nothing seems easy

  After a couple of days of hand wringing, traders are now going with the notion that if the Fed raises rates in June or July, it may actually be good for the economy. Don’t put too much stock in that, however, because herd sentiment can turn quickly with one...

Traders build a wall of worry

The markets are marking time. Earnings season is just about over. The lofty levels of the stock market survived those results largely because they were not quite as bad as expected. Now it is on to the next worry. Pick your poison– uncertainty over this summer’s...