As a long-time financial services executive, every so often I am called upon by friends and family from other walks of life to comment on a story related to the stock market. Such is the case with the GameStop saga….
The GameStop stock surge that has become an international news sensation and sent shockwaves through high finance now has celebrities, billionaires, and national politicians weighing in. The struggling brick-and-mortar game retailer, which has seen its setbacks compounded by the coronavirus…
One of the most unusual features of this very unusual year has been the resilience of the stock market. The V-shaped recovery of the S&P 500 was confirmed on Tuesday when the index shot past expected resistance and reached an…
While our nation fights the novel coronavirus for our health, many Americans are also waging a daily battle in the financial markets during a time of historic and unprecedented volatility. Many investors can only be left in a constantly shifting…
Financial markets endured a bout of coronavirus or suffered a third-degree Bern this week, depending upon the diagnosing doctor. The Dow Jones Industrial Average lost 879 points on Tuesday after plummeting 1,031 points on Monday (following lesser losses late last…
Looking back at 2019 is incredibly disorienting. The country is horribly divided. In fact, the president of the United States was just impeached along partisan lines. The government is running trillion dollar (and growing) annual budget deficits, even though the…
Federal Reserve Chairman Jerome Powell testifies before Congress on Wednesday. President Trump, wanting lower interest rates, talks of firing or demoting Powell. But the Wall Street Journal reports that Powell likely finds a friendlier audience on Capitol Hill than at…
The stock market is terrifying me. I don’t like losing money that I’ve worked hard to get. I don’t like losing money I need for my future, however brief that might be. I have been besieged by persons asking me what…
In 1985, Ronald Reagan “jawboned” the Japanese into accepting “voluntary” restraints on exports of Japanese cars to the United States. At the same time, he drew a line in the sand between himself and U.S. congressmen calling for much stronger…
