Market Update

On this day in History, October 9, 1967, socialist revolutionary and guerilla leader Che Guevara, age 39, is killed by the Bolivian army. The U.S.-military-backed Bolivian forces captured Guevara on October 8 while battling his band of guerillas in Bolivia and executed him the following day. His hands were cut off as proof of death […]

Market Update

On this day in History, October 2, 1950, The comic strip Peanuts, by Charles M. Schultz, makes its first appearance in newspapers. Nine years later, October 2, 1959, the groundbreaking TV series The Twilight Zone, premiers on CBS. Coincidence? Economic Data Today: News of the Day:   There’s no news today. Other News & Blogs: […]

Market Update

On this day in History, September 18th,  1973 – Jimmy Carter files report on UFO sighting. Future President Jimmy Carter files a report with the National Investigations Committee on Aerial Phenomena (NICAP) on September 18, 1973, claiming he had seen an Unidentified Flying Object (UFO) in October 1969. During the presidential campaign of 1976, Democratic […]

Market Update

On this Day in History: September 11, 2001 attacks, also called 9/11 attacks, series of airline hijackings and suicide attacks committed in 2001 by 19 militants associated with the Islamic extremist group al-Qaeda against targets in the United States, the deadliest terrorist attacks on American soil in U.S. history. The attacks against New York City […]

Market Update

On this Day in History: September 4, 2002, Kelly Clarkson, a 20-year-old cocktail waitress from Texas, wins the first season of American Idol in a live television broadcast from Hollywood’s Kodak Theater. Who would have guessed Kodak would still be big in 2020? Economic Data Today: News of the Day:   Stock Losses Accelerate, Led […]

Market Update

On this Day in History: August 28th, 1963, Martin Luther King, Jr. delivers “I Have a Dream” speech at the March on Washington, and things actually haven’t been the same since. Economic Data Today: News of the Day:   Fed’s New Plan to Lift Inflation Faces Skepticism – https://www.bloomberg.com/news/articles/2020-08-28/fed-s-jackson-hole-reboot-to-lift-inflation-faces-skepticism?srnd=economics-vp (buy bitcoin) U.S. consumer spending rises […]

Portfolio Update 8/25/20

“Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality distorted by a misconception.” – George Soros  I’ve never felt so lost investing these last few weeks. I’ve questioned my skill and I’ve questioned the viability of discretionary, active management as a personal career path. I’ve questioned […]

Market Update

On this Day in History: August 21st, 2001, Nickelback releases their single, “How You Remind Me.” It became the Billboard Song of the year in 2002. Things haven’t been the same since. News of the Day:   U.S. Existing-Home Sales Surge by Most on Record – https://www.bloomberg.com/news/articles/2020-08-21/u-s-sales-of-previously-owned-homes-surge-by-most-on-record?srnd=economics-vp U.S. business activity surges to early 2019 levels: […]

Market Update

Happy Friday, the final Friday before the rest of our lives.   The EKG Recovery? Economic Data Today: News of the Day: U.S. retail sales miss expectations in July, may slow further in months ahead – https://www.reuters.com/article/us-usa-economy/u-s-retail-sales-miss-expectations-in-july-may-slow-further-in-months-ahead-idUSKCN25A1OJ U.S. Industrial Production Increased in July for a Third Month – https://www.bloomberg.com/news/articles/2020-08-14/u-s-industrial-production-increased-in-july-for-a-third-month?srnd=markets-vp Remote Work Is Reshaping San Francisco, […]

Market Update

It’s the final day of July. Congratulations! Economic Data Today: News of the Day: U.S. consumer spending rises for second straight month, income drops further – https://www.reuters.com/article/us-usa-economy/u-s-consumer-spending-rises-for-second-straight-month-income-drops-further-idUSKCN24W1YW U.S. Dollar Suffers Its Worst Month in a Decade – https://www.bloomberg.com/news/articles/2020-07-31/world-currencies-revel-in-cruelest-month-for-dollar-since-2010?srnd=premium A Cloud Surge Lifts Amazon, Microsoft and Google’s Earnings – https://www.wsj.com/articles/big-businesses-multiyear-bets-fuel-cloud-growth-11596196893?mod=business_lead_pos5 Big Oil Companies Lose Billions, Prepare […]