JPMorgan Chief Jamie Dimon’s 66-page annual letter to shareholders came as an early gift last week ahead of big bank earnings. Don’t worry, I’m not going to give you a spiel the same length as the letter. Relevant short highlights will suffice. The CEO’s report included things like lessons learned from his leadership since
The close of the first quarter of 2021 brought new milestones for the markets. On the very first trading day of the second quarter, the S&P 500 crossed 4,000 for the first time and closed at 4,019. This new record came after Wednesday’s bounce in tech stocks which seesawed from the highs in early
Many of you know I have two young children. And with having two elementary school-aged kids, I have been re-reading some of the classics including Shel Silverstein’s poems and the timeless Beverly Cleary novels. Cleary’s series about the adventures of a young (and dramatic) Ramona Quimby captured my love decades ago when I first
Tomorrow officially marks one year since the market bottomed, instigated by the current pandemic-induced recession. Since then, the S&P 500 has gained about 76%. With the sheer amount of stimulus rolled out by the central bank and the federal government, it’s not surprising that most market indices have been on a tear since March.
Last week, fixed income markets made up much of the headline news. Towards the end of last week, the U.S. Treasury sold over $120 billion in 3, 10, and 30-year bonds. Meanwhile, on the corporate side, Verizon Inc. launched a $25 billion bond sale, marking the sixth largest corporate bond sale on record. Then
A year into this pandemic and I thought I might have dodged the new puppy bullet. After seeing almost every one of our family friends slowly getting new puppies, my family finally relented. Personally, I wasn’t in a huge rush to get puppy. We already had a dog, a great one. We adopted Daisy
Now that I have your attention, no, Fed Chairman Powell has not indicated any signs of a pullback in easing policy. In addition, Chairman Powell last week reiterated that the Fed would keep rates where they are and doesn’t see substantial risk of heightened inflation pressures in the current environment. However, in light of
Going into last week’s Congressional hearing with Robinhood, Reddit, and Citadel, I was expecting an episode from House of Cards. The suspense, the intrigue, the twists and turns. However, if you were watching, you’d know that it was, of course, none of that. For all the excitement around Gamestop and RoaringKitty, the Congressional hearing was
My kids, like many their age, really love their video games. I don’t know when it really started, but their fondness for all things digital have grown during COVID. They love all types of games. My younger daughter still likes her silly Barbie and coloring games on the iPad. My son has taken more
One of the surprising things that came out of the COVID crisis is the sudden jump in savings rates for many Americans. Many people first thought the stimulus checks would go straight to paying off debt (which they did). In recent data, the lingering effects of COVID has also caused high savings rates to
