November 3, 2020
Even with unemployment high and consumer confidence lower than pre-pandemic levels, American shoppers plan to spend about the same amount on gifts this holiday season. On average, shoppers plan to… Read more
November 2, 2020
A shift toward spending on goods like automobiles during the pandemic has caused an acceleration in American manufacturing. The Institute for Supply Management’s (ISM) index of national factory activity increased… Read more
October 29, 2020
After a historic GDP contraction in the second quarter, caused by the pandemic and ensuing economic shutdown, expectations for the third quarter were high. The U.S. economy managed to top… Read more
October 28, 2020
After hitting a record high the month before, the U.S. trade deficit in goods fell slightly in September. The gap fell to $79.4 billion from $83 billion. Economists had expected… Read more
October 26, 2020
The number of U.S. households without a bank account fell in recent years. According to a biennial survey the FDIC conducts, the unbanked rate fell from 6.5% in 2017 to… Read more
October 22, 2020
The number of Americans who filed a continuing claim for unemployment benefits fell by more than 1 million during the week ending October 10. This brings the total number to… Read more
August 25, 2023
Estate planning is something that many of us may not want to think about for years or even decades. Unfortunately, changes to the tax code are creating a sense of… Read more
July 12, 2022
For decades, the rise of China has been treated as something of a fait accompli. Economists, politicians and academics have wondered not if, but only when, China would surpass the… Read more
September 29, 2023
The Federal Reserve’s preferred indicator of inflation rose less than expected in August, in a welcoming sign that the central bank’s fight against inflation is making progress. When most analysts… Read more
September 27, 2023
Surging prices at the pump are further straining household budgets, leaving many analysts to wonder if high gas prices will lead to a decline in consumer spending or even GDP.… Read more
September 25, 2023
Surging prices among a handful of commodities are stretching consumer budgets and further complicating the Federal Reserve’s fight against inflation. “Soft” commodities are those that are typically grown rather than… Read more
September 22, 2023
As consumers rack up more credit card debt and interest rates climb steadily higher, credit card companies are seeing losses climb at the fastest pace since the Great Recession. Researchers… Read more
September 22, 2023
The typically hot summer homebuying season ended in summer doldrums as home sales slid again in August, but an ultra-low inventory of homes on the market pushed prices higher. Sales… Read more
September 21, 2023
The Federal Reserve is shooting for something it has never accomplished: a soft landing followed by the slowest rate-cutting cycle in history. The central bank left interest rates unchanged at… Read more
September 18, 2023
U.S. retailers are on pace to hire the lowest number of seasonal workers for this holiday season in 15 years, as employers deal with high labor costs and uncertain consumer… Read more
September 15, 2023
American consumers’ view of the economy ended the summer on a down note, as consumer sentiment edged lower for the second straight month, but their outlook improved somewhat amid falling… Read more
September 14, 2023
Consumer prices climbed in August at the fastest pace in more than a year amid a sharp increase in energy costs, highlighting inflation’s choppy decline and the uncertainty around the… Read more
“Modern finance is based on scientific reasoning guided by theory, not subjectivity and speculation.”
John “Mac” McQuown
Patience mitigates risk.
When it comes to investment products, complexity often fosters fraud and abuse.
Portfolio diversification enables investors to manage their fear of the unknown.
Rebalancing is like love, you never have to say you are sorry. You are always selling high and buying low.
A good investment policy should never risk what you already have for something you don’t need.