The tech heavy S&P 500 and Nasdaq extended their winning streak to five consecutive months, while the Dow Jones Industrial Average marked its second consecutive month of gains in July. The Dow closed the month with a 3.34% increase, the S&P with 3.11%, and the Nasdaq with 4.04%. Notably, the small-cap Russell 2000 outperformed all, registering an impressive 6.05% gain. … Read More

I recently spent the 4th of July week in Michigan with Julie and the kids (Hank, our little Yorkie, came along too), which has become a family tradition every summer. If you’ve never been “Up North”, as Michiganders call anything above the middle of the mitten, you are truly missing out on some of Americas most beautiful scenery and perfectly … Read More

“The number of mixed signals in this market has been elevated since the pandemic, but it’s gotten worse over the past few weeks (and especially last week). It’s almost as if the same data is looking at two different economies. Certain reports imply solid growth (Empire and Flash PMIs), while others signal a sharp slowdown is occurring (Philly and leading … Read More

The debt ceiling is a statutory limit on the amount of debt that the U.S. government can issue. If the government hits the debt ceiling, it cannot issue new debt to meet its obligations. However, this does not necessarily mean that the U.S. will default on its debt.   The Treasury Department has several tools at its disposal to manage … Read More

It’s hard to believe the first quarter is already in the books for 2023. We’ve had a much better start to the equities market this year than last, but it hasn’t exactly been a “boom cycle”. After lifting off their October lows, the major stock indices have mostly traded sideways thus far in 2023 along with the fixed income (bond) … Read More