… or Happy Bissextus Day, according to dictionary.com! February 29th: the extra day added to the Julian calendar every fourth year (except those evenly divisible by 400) to compensate for the approximately six hours a year by which the common year of 365 days falls short of the solar year. I know you are reading
Who do you believe the Federal Reserve or the capital markets? Dive deeper, who do you believe, the stock market or the bond market? I believe in the latter. Currently, there are two divergent views in the market today. Here is an excerpt from Torsten Slok the chief international economist for Deutsche Bank: “The Fed
Yes I geeked out this weekend in between lacrosse games to read Warren Buffett’s annual letter to Berkshire Hathaway shareholders. The Warren Buffett-led conglomerate announced earnings of $3,333 a share, easily beating the $2,529 that was expected by the Bloomberg consensus. Profits surged 32% to a record $5.48 billion. In his letter to shareholders, Buffett
It depends on your definition of good! Better-than-expected GDP was reported this morning; however, the devil is in the details. Real GDP was revised up to a 1.0% annual growth rate in Q4 from a prior estimate of 0.7%, beating the consensus expected revision to 0.4%. Inventory levels expended causing an unexpected expansion in 4th
“The stocks with the most Buy ratings by analysts have gotten slammed in 2016, falling an average of 16.5% year-to-date,” Bespoke wrote in a note to clients Tuesday. “The most unloved stocks, on the other hand, have outperformed.” According to Bespoke, the most likely explanation is that analysts tend to favor growth stocks rather than