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Recessions are arguably the largest risks to the market because they cause the largest drawdowns in stocks. They’re often accompanied by general deleveraging, a run on a bank, a large change in...
Just two short days from now, Donald J. Trump will take the oath of office and become the 45th president of the United States. Open questions remain about some of his post-inauguration plans,...
There’s a lot of chatter in the media right now about the valuations of small cap stocks, and why not? They’ve surged 14% since the election, as measured by the Russell 2000 Index. So it’s easy to...
The $300 billion Chinese trucking market is filled with long hauls and chaos. The government and technology firms are betting that self-driving 18-wheelers are the solution. Earlier this month...
Samsung (SSNLF) just unveiled the best $800 smartphone money can buy. Sadly, there isn’t much pent-up demand for expensive, state-of-the-art mobile devices anymore. The Samsung Galaxy Note 7 is...
In the classic 1967 film The Graduate, a family friend offers young Ben one word as guidance for his future: Plastics. Good call. Google is having that consigliore moment right now with...
Bankers are under attack around the world. The assault is not being led by masked men with pistols but rather by anonymous cyber-thieves armed with malicious code. The bankers’ vulnerability...
Remember "too big to fail" and all of the handwringing about bank instability in the wake of the 2008 financial crisis? No? How about the financial crisis, you remember that? No again? That’s...
Here are a few notes on my mid-October market scorecard.  — After rising almost 1% last week, the S&P 500 is now up nearly 8% since the Sept. 29 low. During this period, large-caps have...
The pileup of stocks in the first two weeks of 2015 has furrowed a lot of brows but it should not be much of a mystery. Fund managers are selling stuff that had worked last year, like utilities...