Market Commentary

Market-insights

We communicate with friends, family, our worlds in information, and data. Our bodies are constantly processing information, from the things we touch to the things we hear— we are living processors. With business being a living organism, constantly changing and adapting, how could we expect it to be any different? Data is the blood that […]

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Market-insights

Starting a new business can be incredibly difficult. From the operations to financials, it can be a mess. One of the most difficult to understand components of having your own business is dealing with taxes. With ever-changing tax rules and regulations, finding where you can take advantage of all the deductions, credits, and exemptions allowed […]

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Market-insights

S&P 500 3650, Dow 32,500

If you pay close attention to our stock market forecasts, the title of this piece will look familiar. At the end of 2019 we made the same exact forecast for the end of 2020 — the strangest year in our lifetimes, and it’s not even over. Compared to most analysts, this was a very bullish […]

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Market-insights

The Housing Revival

The US economy got crushed in the second quarter, with the worst decline in real GDP for any quarter since the Great Depression. However, the long road to recovery has started and, for now, we’re penciling in real GDP growth at a 20% annual rate for the third quarter. Of all the parts of the […]

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Market-insights

Election Day is eleven weeks from tomorrow. In political time, this is an eternity. However, with the White House, about one-third of the Senate, and the entire House of Representatives on the ballot, this election is significant. Particularly because the two presidential candidates have such stark differences in policy perspectives, especially with respect to taxes… […]

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Market-insights

A Healing Economy

It’s going to take years for the US economy to fully heal from the economic disaster brought about by COVID-19 and the government-mandated shutdowns which continue to limit economic activity across the country. When we talk about a full recovery, we don’t simply mean getting real GDP back where it was in late 2019; a […]

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Market-insights

These days, pretty much everything is hyper-political, including death rates from disease, wearing masks, opening schools, whether some demonstrations are “mostly peaceful” or “violent,” and now GDP. Late last week, plenty of headlines blared that real GDP declined 32.9% in the second quarter, suggesting that our country’s output of goods and services was roughly 1/3 […]

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Market-insights

The Bottom Fell Out

Thursday’s initial report on real GDP growth in the second quarter is going to break records, and not in a good way. Right now, it looks like the US economy shrank at a 35% annual rate in Q2. To put that in perspective, the worst quarter we’ve ever had since the military wind-down immediately following […]

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Market-insights

“There is no such thing as a free lunch.” It’s been attributed to many different people, Milton Friedman and Robert Heinlein, among others. Regardless of who said it, we think it’s one of the most basic economic truths. A lunch has to come from somewhere, and once it is consumed, it’s not available for someone […]

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