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Three in one

On Thursday, all three U.S. benchmark averages—the S&P 500, NASDAQ and the Dow Jones Industrial Average—registered historical new highs on the same day. You don’t want to know what happened the last time this happened. read more…

Why the nation’s productivity matters

The headlines paint a stark portrait of the amount of goods and services that American workers produce in any given year. We are in the longest decline of American productivity since the 1970s. That fact has economists pessimistic about the future chance of continued growth in this country. read more…

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Too hot or too cold?

 

 

The stock market is rarely satisfied with lukewarm. Investors insist on boiling down complex variables to simple either/or choices. It doesn’t always work. read more…

How to run for president and make a fortune

candidates

Almost every day this week we received an announcement of yet another contender for the 2016 presidency, or an announcement that an announcement would be forthcoming. The reason for so many candidates however, may have nothing to do with winning the presidency. read more…

Man’s most expensive friend

The pet business is booming. Last year we spent $58.5 billion on our animal buddies and will plunk down an additional 4-5% more this year. The lion’s share of that increase, after food, is going toward health care. read more…

June is off the table

Yellen

The notes of the Fed’s April policy meeting, released this week, may have confused more people than not. The central bank committee revealed that they were unlikely to raise short-term interest rates in June. That statement could be taken as both a positive and a negative, depending on your investment position. read more…

Another record high

 

This off again, on again market continues to grind higher, if only by a few points, but it is the direction that counts. This week it was the S&P 500 Index’s turn to chalk up another record gain. And so it goes. read more…

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About Bill

Bill Schmick was born in a blue-collar neighborhood of Philadelphia, just a few blocks north of “Rocky Balboa” territory where most of his Catholic schoolmates grew up to be either cops or criminals. He narrowly escaped both professions by volunteering to fight in Vietnam as a U.S. Marine... Read More

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