Executive Summary Everyone seems to be wondering what the stock market will do after the election. Prognosticators are theorizing what will happen, and arguments go both ways for both candidates. It is important to remember the landscape is different this election: U.S. is in recession, the world [...]
Executive Summary Year-to-date earnings through September 30, 2020, are expected to plunge 43% compared to the same period last year; however, the S&P 500 Index is up about 7% this year. Ongoing hope of Federal stimulus continues to fuel this bubble in stock prices. Market volatility is [...]
Executive Summary In this week’s missive, I provide a bird’s-eye view of the economy via a number of graphs and visuals. First is a look at the drop in real annualized gross domestic product growth in the second quarter (-31.38%) along with the projected partial rebound in [...]
Executive Summary The official unemployment rate published by the Bureau of Labor Statistics (BLS) dropped 0.5% to 7.9% in September 2020. However, in the BLS’ Employment Situation Summary report, the Household Survey revealed that of the 970,000-person decrease in the number of unemployed individuals, only 275,000 attained [...]