The State of the US Consumer

“the strength of US consumer balance sheets (lowest debt service obligations in 40 years) and in US labor markets (lowest unemployment in 50 years) offsets some weakness”

No asterisks

Here’s what happened in the markets during the 2010’s decade… No recessions. Not one. The 2010’s were the first decade without a recession since record-keeping began in the 1850’s. Only one down year for the S&P 500 in ten years. On a total return basis, the only year stocks fell during the entirety of this…

A time to rest

I’ll be taking the week off from posting at The Reformed Broker for my family’s annual trip down to Delray Beach in South Florida. I look forward to this annual tradition all year. This time I’m leaving the laptop home. I’m exhausted, but in a good way. In 2019, we hired five new employees bringing…