The mood in the market remains more tentative than any of us would like, but there’s still a lot of dread and a lot of disinformation for the bulls to overcome before our stocks recover their equilibrium and get back to work. You already know

Some people are talking about the latest Fed meeting like it moved the goalposts back toward bearish territory. I am not convinced. Very little changed in the quarterly “summary of economic projections” released with this week’s statement, and most of the data points that shifted

Many of our positions have been rebounding so robustly that some investors scared by last year’s bear market are having uncomfortable flashbacks. “Is this a bubble,” they ask themselves. “Are these stocks swelling up too fast for their fundamentals to support?” In my opinion, the

There’s no Fed dread out there. In fact, there’s less than there was a month ago, when bond yields started climbing. Anything you hear otherwise is not anchored in market reality. I know this because the rate futures market now puts a 2% probability on