WHY WE PLAN – PODCAST
WHY WE PLAN – BLOG
Wesbury’s Outlook – There’s Nothing Normal About This Recovery
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 [...]
Inflation and the Fed – Wesbury’s Outlook
We believe inflation is still, and always will be, a monetary phenomenon. It is defined as "too much money chasing too few goods and services" – but that doesn't mean every period of higher inflation is going to look exactly [...]
Happy, Healthy, and Calm
Now that 2020 is receding in the rear view mirror, it’s time to assess where we are and to refresh our goals for where we are headed. 2020 gave us many lessons to learn from and move forward. First, [...]
2021: Robust Growth, Higher Inflation – Wesbury’s Outlook
The COVID-19 Recession is the weirdest we've ever had. There is no way anyone could have forecast it. It did not happen because the Fed was too tight. It did not happen because of a trade war. It was self-inflicted, [...]
S&P 4,200 – Dow 35,000 – Wesbury’s Outlook
In December 2019, we made a year-end 2020 forecast of 3,650 for the S&P 500. With the index closing Friday at 3,638, that looks like a very good call. But we'd be fibbing if we didn't admit to getting whipsawed [...]