What Does the Bond Market Think?

What Does the Bond Market Think?

  In this week’s Indicator Insights post, we talked about consumer expectations for inflation. Specifically, we looked at how interested people were in inflation based on Google Trends search data. So, for this week’s featured chart, I thought it would be useful...
Production Powers Profits

Production Powers Profits

  Does the economy have to be booming for corporate earnings to grow? No. Not necessarily. But history suggests manufacturing conditions tend to matter more than many investors realize. For example, this week’s chart tracks the Institute for Supply Management...
A Rally for the Ages

A Rally for the Ages

    The stock market has rewarded investors handsomely over the past four years. It kind of makes you wonder: just how unusual has this rally been? The green line shows the S&P 500’s cumulative return over the current four-year rally, while the...
A Tailwind for AI

A Tailwind for AI

  Artificial intelligence continues to dominate the market conversation, but here’s something you may not be thinking about: the companies that make the equipment used to manufacture advanced computer chips. This week’s chart shows an interesting...
The Casino

The Casino

  I don’t really like comparing the stock market to a casino. They’re not the same thing. Over the long run, investing in productive businesses has been one of the most reliable ways to build wealth. That said, not everyone approaches the market like...
This Time Is Different?

This Time Is Different?

  It’s the four most dangerous words in investing: This time is different. Sometimes, in the heat of a bull market, investors get into this habit of thinking that the old rules no longer apply. With each new market cycle, we get some new compelling story...