While the long-term remains uncertain, the rest of 2019 should be very positive During the summer, I expressed a three-part argument here [https://complexityeverywhere.com/summer-of-our-discontent-in-markets-part-1/], here [https://complexityeverywhere.com/summer-of-our-discontent-in-markets-part-2/], and here [https://complexityeverywhere.com/summer-of-our-discontent-in-market-part-3/], for a downward transition in stocks: * Critical slowing down [https://en.wikipedia.org/
Markets are 65% certain of a rate-cut by year-end. Are they right? This morning, the Bureau of Economic Analysis in the U.S. Commerce Department released [https://www.bea.gov/data/personal-consumption-expenditures-price-index] its Personal Consumption Expenditures Price Index. This index, otherwise known as the PCE Deflator, is the Fed’s
Investor Portfolio Allocation to Equities Ever since reading about it here [http://www.philosophicaleconomics.com/2013/12/the-single-greatest-predictor-of-future-stock-market-returns/] at the always insightful Philosophical Economics blog, I have been fascinated by the notion of Investor Portfolio Allocation to Equities, a statistic tracked by the U.S. Federal Reserve here [https://fred.