After a strong relief rally, the S&P 500 (SPX) once again suffered from selling pressure and ended in the red for the week. The benchmark index fell 2.08% on the week and is down 22.97% year-to-date. By and large, this was to be expected and largely what we presumed the most likely outcome for the week. At present, the S&P…
In January, the “inventor” of the yield-curve indicator—Campbell Harvey of Duke University—suggested that the inversion of the 10Y/3M spread...
Throughout this bull market, stock investors have bemoaned an incessant lack of breadth. Leadership has been remarkably narrow. The...
By J.P. Morgan Wealth Management There’s no shortage of worries batting around: the Fed is holding resolute on its...
Approaching the end of the year, it is natural to wonder: What lies ahead? Where does this road lead?...
I’ve gathered a few ideas from several of my memos this year – plus some recent musings and conversations...
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