WHY WE PLAN – PODCAST
WHY WE PLAN – BLOG
5000 – Wesbury’s Outlook
We've been consistently bullish on stocks since 2009. This bullishness has paid off, although not every year; stocks fell in 2015 and 2018. But, since 2009, the market has rebounded from every correction. Why have we stayed bullish? Because our [...]
Capitalism vs. Socialism – Wesbury’s Outlook
As we wrote last week, it's not possible to analyze the economy these days without focusing heavily on what government is doing. Between the Federal Reserve, fiscal policy, and COVID-related restrictions, little in our lives avoids governmental influences. The easiest [...]
Projecting Government – Wesbury’s Outlook
In an ideal world, analysts and investors wouldn't have to spend much time, perhaps none at all, trying to manage around changes in government policy. In that world, government – be it in terms of spending, taxes, or regulation – [...]
Who Will Be the Next Fed Chief? – Wesbury’s Outlook
One of the key decisions President Biden will make later this year is who is going to run the Federal Reserve for the next four years. Current Fed chief Jerome Powell's term as chairman runs out in February 2022. We [...]
There’s Nothing Normal About This Recovery- Wesbury’s Outlook
We keep hearing people make comparisons between this recovery and those of the past as if it's apples-to-apples. For example, comparing job growth today to job growth after the 2008-2009 Panic. All in an effort to make the case that [...]
Cryptocurrencies, SPACs, Robinhood/Reddit, the mania beat goes on. – Michael Rogan
If the Wizard of Oz were written today about “Investing Crazes du Jour”, Dorothy’s famous repetitive line may well be: “Cryptos, SPACs and Robinhood/Reddit, Oh My!!” As I begin my 36th year dispensing investment advice, I marvel at the consistency [...]
Unsustainable – Wesbury’s Outlook
The US economy is recovering rapidly from the COVID-19 disaster. The rollout of vaccines, the lifting of restrictions, loose monetary policy, and a massive increase in government spending are all playing their parts. The problem is that the massive government [...]
Housing Boom to Continue – Wesbury’s Outlook
Housing prices have soared in the past year. The national Case-Shiller index is up 11.2% in the past twelve months, the largest gain since 2005-06. The FHFA index is up 12.0% in the past twelve months, the largest on record [...]
Jobs Are Booming – Wesbury’s Outlook
When the scientists said "15 days to slow the spread," some of us actually believed that by Easter the shutdowns would end. That was last year. Now, a full year, and $5 trillion in government spending later, we may finally [...]