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Is this a blow-off top?

Stocks roared higher this week. The gains were fueled by the expectation that Congress will pass a tax reform bill before the end of the year. That is not at all certain, but the markets are assuming it’s a done deal. So what happens next? read more…

The Bots are coming

One no longer needs to imagine a post-apocalyptic world where humans are hunted into extinction by intelligent robots. While a shooting war may not break out between the two sides before 2030, a new study by the McKinsey Global Institute indicates that as many as 375 million human workers will be replaced by automation. read more…

Sweet spot for the markets

Thanksgiving weekend usually marks the beginning of a great seasonal run in the equity markets that continues through January of next year. There are some additional reasons why this year may prove to be a good one. read more…

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Tackling Taxes

President Donald Trump introduced a flurry of tax proposals last week. Tax reform, as well as tax cuts, was included in his plan. Give him an “A” for effort in tackling something that no politician has dared to do since Reagan. read more…

The price tag of disaster

Over the past four weeks, just two hurricanes have cost the country upwards of $300 billion. This has easily surpassed the 2005 hurricane cost of $200 billion, which included Katrina, Wilma and Rita combined. The cumulative cost of weather continues to escalate and with good reason. read more…

America, the battered

Extreme weather and other climate disasters appear to be occurring far more frequently than we would like. The loss of life and economic damage also seem to be increasing. But does the data support those opinions, and if it does, what price do we pay for all of these perfect storms? 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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