The U.S. financial markets couldn’t offer a bigger picture of contrasts. Despite two major incidents of international terrorism in western Europe, Russia threatening to shoot down our fighter jets in an escalating Syrian conflict, and homegrown political...
The election of President Donald J. Trump was a major coup d’etat against the extremist liberal agenda, a victory celebrated not only by conservatives but also independent-minded voters. Another element in Trump’s historic victory was his promise to...
In my last post, I focused on the unusual dynamic between the inflation rate and gold prices in 2016. It’s fair to say that last year was a banner cycle for the Federal Reserve. The dollar gained in strength thanks to technical deflation, while the equity...
Much talk has been given regarding the epic Dow Jones rally. In the closing stages of election day when it became readily apparent that Democrat Hillary Clinton would fail to secure the White House, the futures markets pegged impending volatility. Yet the bears and...