Regularly investing over time may allow one to take advantage of market volatility, rather than simply suffer it. As stocks bounce up and down, investors may find that market drawdowns present opportunities to invest at lower prices. Perhaps easy to default, then, to a dollar cost averaging plan (DCAP)—the practice of investing a particular sum […]

Seems not since the Tech Bubble of 2000-01 have we experienced such a rapid shift from “meaningful advance in technology” to rampant hype bordering on hysteria. Now ubiquitous, “AI” dominates the empty boilerplate phraseology of executives and pundits—however hollowly—seeking to convey techno-sophistication and endless promise. Finding the memetic expansion unprecedented and becoming ever more lacking […]

Responding to a reporter’s question regarding the Federal Reserve’s going-forward efforts to balance the risk of weaker employment against that of growing inflation, Chairman Powell stated, “We have a situation where we have two-sided risk, and that means there’s no risk-free path.” That two-sided risk scenario always exists, of course, but managing against both of […]

In this podcast, I speak to concerns regarding the AI land grab.

A year of somewhat volatile gains for bonds provided a sharp counterpoint to the volatility global stocks experienced over the past year:

The S&P 500 set an intraday peak on the penultimate trading day in June. The day’s gains evaporated on news of a breakdown in tariff discussions with Canada, however. By the end of trading, though, most of the about-face had been regained. The gain/news/plunge/rebound cycle exemplifies how fickle the stock market can be. Similarly, zoom […]