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Valentines Day

Greetings! Romantics welcome Valentine’s Day and having the opportunity to lavish loved ones with attention. Economists appreciate Valentine’s Day, too. Sure, the $13 billion spent on Valentine’s Day is just a drop in the $17 trillion bucket of goods and…...

IWM 2019 Annual Outlook

2019 Macro Economic Outlook and Capital Market Expectations CHOPPY WATERS In the end, the most redemptive image of 2018 was that of a shopper digging into her pockets at the cash register of a box store that only a few…...

IWM Monthly Promontory December 2018

IWM MONTHLY PROMONTORY DECEMBER 2018 LEAP OF FAITH During the formative first months of the Reagan era, as the nation was recovering from the double-digit inflation of the 1970s, the new administration appealed to then-Federal Reserve Chairman Paul Volcker to…...

IWM Monthly Commentary – November 2018

Monthly Market Summary Volatility shuddered markets for much of November as concerns of rising interest rates—which had dampened investor enthusiasm through the fall—were lifted by comments from the Federal Reserve Bank which were interpreted as a possible suspension of its…...

IWM Monthly Commentary – October 2018

MONTHLY MARKET SUMMARY October once again worked its black magic on world markets, pushing major indices into negative territory for the year and fanning concern that history’s longest bull market may finally be extinguishing itself. The Federal Reserve Bank held…...

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