Market Musings
January 10, 2020

Do lower interest rates justify higher stock prices?

Rather than paraphrase the following, I will defer to John Hussman to explain why the common belief that lower interest rates justify higher valuations is not necessarily correct. It is…
Market Musings
December 20, 2019

Time to hedge?

I think by now it's clear that the markets are materially disconnected from the underlying economic reality. Take for example the CEO of Fedex's comment in their last conference call…
Market Musings
November 27, 2019

Recessionary Pressures Continue to Build

A comprehensive discussion about the economy with David Rosenberg, chief economist at Gluskin Sheff. This is definitely worth watching. Keep in mind that the S&P 500 is now trading at…