I hope that everyone had an amazing Mother’s Day weekend. To celebrate the amazing women in our lives, my family got together centered on making a traditional Mexican dish called barbacoa. It is beef that is slow roasted in a pit. First, a wood fire is used to heat a brick-lined oven for nearly
I still can’t get accustomed to reading headlines like “Stocks Slip After Fed Holds Rates Steady”. I mean just a few years ago, before the pandemic, the market had the exact opposite reaction when the Fed began its tightening policies to unwind its balance sheet. And even more so, who would have thought during a
Elon Musk has always been an eclectic sort. He likes to make unusual comments, usually over Twitter. Over this past weekend, Mr. Musk mysteriously tweeted out, “What does the future hodl?”. “Hodl” is shorthand for “hold on for dear life” and the tweet was thought to be a reference to the current upheaval in
It has been over twelve years since the fraud of Bernie Madoff came to light. One of the craziest Ponzi schemes of all time, we were all shocked to the size and scope of his fraud. Billions of dollars lost. The devastation reached so many people, charities, foundations, and retirement plans. The saddest part
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
