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The last full week of October was a box full of surprises.
First, U.S. economic growth exceeded expectations. The devastation wrought by Hurricanes Harvey, Irma, and Maria was widely expected to stifle…
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And the hits just keep on coming.
Last week was the anniversary of Black Monday. On October 19, 1987, the Dow Jones Industrial Average (Dow) lost 508…
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There’s a new kid in town: narrative economics.
Last week, Richard Thaler was awarded the Nobel Prize in economics. His work in behavioral economics and finance recognizes not…
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Slow and steady…
It has been 332 days since the Standard & Poor’s 500 (S&P 500) Index experienced a 5 percent drop, reported…
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A lot happened during the third quarter of 2017, but not much changed.
The bull market in U.S. stocks continued to charge ahead. Traditional measures of valuation continued to suggest the market is…