Seymour Zises, President and co-founder of Family Management, writes bi-monthly opinions on issues and observations of relevance to clients and investors.
Who would have thought these two little words could move the U.S. Stock Market up 600 points? As of January, the one-month treasury was 1.29%, and by November 2018, it was 2.31%.
Debt, debt and more debt. Wherever one looks, government debt, student debt, auto loans, consumer credit and leveraged buyouts are growing.
There is no dis-Putin that the recent Trump-Putin Summit in Helsinki gave the news networks plenty of fodder for discourse.
The U.S. stock market zigged up and zagged down only to turn upward in this next to last day of May. Currently the S&P is plus 1.4% for 2018 (as of May 30, 2018). The earnings numbers of U.S. companies have generally risen – without the tax cut up approximately 14% and with it close to 25%.
When goods cross borders, troops stay home – or so it has been said. Are trade agreements totally fair and enforced? Will they ever be? Like it or not, we live in a GLOBAL economy. All politics may be local, but trade is not.