November 21, 2018—We can’t help but appreciate the irony of the stock market’s recent activity heading into the Thanksgiving holiday. As we sit around the dinner table on Thursday, the stock market may not be on many people’s “things-to-be-thankful-for” list, at least based on the past few weeks. As of Tuesday, U.S. equity indices had
The price of oil (as measured by West Texas Intermediate crude) has fallen over 27% since its early-October highs, well into “bear market” territory. The decline was arrested on Wednesday, halting the longest stretch of daily declines for oil since the 1970s. Some investors are seeing flashbacks of oil’s most recent collapse, when it fell
November 7, 2018—Tuesday’s election delivered the result largely expected by us and the markets: a split Congress, with the Democrats wresting control of the House but Republicans retaining the majority in the Senate. Voter engagement was extremely high, with a record turnout for a midterm election. While it is unusual for the House to go one
