The Financial Fire Trucks of 2021
A Happy Thanksgiving weekend to all my US friends. This year was different for many of us—sometimes by choice, sometimes not. But there’s one bit of good news I think we can all share: The holiday season means 2020 is almost over. Soon, we’ll be able to turn the page.
S&P/Case-Shiller Home Price Index: National Index up 7% YoY NSA
With today's release of the September S&P/Case-Shiller Home Price Index, we learned that seasonally adjusted home prices for the benchmark 20-city index saw a 1.27% increase month over month which is cut to 1.21% with inflation adjustment. The non-seasonally adjusted national index saw a 7% YoY increase.
Minisode - A Unique Approach to Target-Date Funds
For retirement-oriented investors, especially those saving through 401(k) and other defined-contribution plans, the most popular solution is a target-date fund. Those funds are designed to build retirees’ wealth through a carefully constructed asset allocation and glide path that minimizes risk. But designing those funds is a complex process, as my guest today will explain.
The Great Reset vs. The Great Reset
Today I’m going to blend a few thoughts about The Great Reset with some other historical analysis I recently discovered. It adds up to a disturbing outlook, even if (as seems likely, given the latest vaccine news) we’re past the pandemic by late next year. We’ll find different challenges on the other side.
One Helluva Party
As Buffett said, this looks like “one helluva party” with the individual investors, professional investors and insiders all joining in the fun. As a former fraternity member in college, the best parties were always when you couldn’t find anyone missing. It wreaks of that today in the stock market.
Weighing the Week Ahead: Learning from Swiss Cheese
The economic calendar remains less interesting than politics, market gyrations, and the coronavirus. Those will be the media topics. A bigger challenge is finding a way to identify what is important and to determine the causal relationships.
Retail Sales Up 0.3% in October, Worse Than Forecast
The Census Bureau's Advance Retail Sales Report for October was released this morning. Headline sales came in at 0.3% month-over-month to one decimal and was below the Investing.com forecast of 0.5%. Core sales (ex Autos) came in at 0.2% MoM.