Optimism Sows Seeds of Change

The Bank of America CEO’s perch allows a terrific view on economic trends as well as changes in trends. This morning, his remarks in a Bloomberg interview caught our attention. Quoting from the resulting article: “…[Bank of America’s] corporate customers are enthusiastic and already seeking funds to expand, according to Chief Executive Officer Brian Moynihan. Mid-sized […]

Market Volatility

The weakness in the financial markets today is a result of Central Bank policy concerns: ECB Chief Draghi deferred (for now) on incremental easing measures Fed governor jawboning has driven up the odds of September rate increase (per chart below) Source: Bloomberg Interestingly, both stocks and bonds are down in value today. In contrast, volatility […]

It’s the (not so) Big One!

Remember Redd Foxx’s TV character, Fred Sanford? Whenever a big surprise or reversal came along, Fred responded with a clutch of his heart while staggering and announcing, “…it’s the big one!” That’s my flashback when I listen to and read the media reaction during stock market corrections post-2008. The chart (below) includes market history back to […]