Last week the University of Michigan released its Consumer Sentiment Index for March, which dropped for the first time in four months. This report comes before any recent news about the banking industry, and I would expect the next index reading to be the second month...

It was an extraordinary experience for the years we lived in Cupertino, AKA Silicon Valley. During the late 1990s, neighbors were becoming millionaires and some billionaires overnight when their companies had an Initial Public Offering (IPO). Employees at all levels,...

On Monday, the Bureau of the Census, U.S. Department of Commerce. Released its monthly U.S. Factory Orders report. New orders for U.S. manufactured goods fell 1.6% month-over-month (MoM) in January after a 1.7% rise in December. This decline for January was less than...

Last week the US Bureau of Economic Analysis released its Q4 2022 Gross Domestic Product (GDP) report. The economy, after two-quarters of contraction in Q1 and Q2 2022, recovered with economic growth in the remaining two quarters of 2022 to end the year on a positive...

The economy roared back from the 2020 coronavirus shutdown at a pace that surprised all, including the Federal Reserve. To slow the hyperinflation caused by trillions of stimulus money chasing too few goods, the Federal Reserve initiated eight consecutive rate hikes....

Last week the Midwest endured a weeklong ice storm. Since moving to San Antonio in 2021, we have experienced once in 100-year weather phenomenon every year. Leading into Valentine’s weekend 2021 and a month since moving in, temperatures dropped to 9 degrees, and...

There are many benefits of being at the bottom of a market cycle vs. at the top. At the top, when economic and stock market conditions are so favorable that it starts to get scary. One cannot stop wondering when these good times end. I remember like it was yesterday,...

Investors have been on pause since early 2022 with their new investments to determine when the Federal Reserve rate hikes will cease. More importantly, they are concerned that higher interest rates will drive the US economy into a recession. The Federal Reserve began...

Below is a short exert from the Chapter “Strategies to Profit During Market Cycles” from my book, “Physicians Guide to Wealth” released last year:“Every football coach has a strategy with every possible scenario thoroughly thought through for each game. Most will have...

In February 2018, Jerome Powell took office as the 16th Chairman of The Federal Reserve. He had a goal to improve the Fed's communication with the investment marketplace. Starting in January 2019, he began holding press conferences following each of the eight...

By any standard, the past three years were historic. It reminded me of the tech bubble that burst from 2000 to 2003, with San Jose’s Silicon Valley as the epic center. You had to live there to truly understand the financial devastation as hundreds of thousands of...

2022, or as I like to refer to it, "the year of three two's," is finally coming to a close. Families across the world are getting together to celebrate the holidays, which means that the final scramble to finish shopping and wrap presents is officially underway. For...