The 75% Economy

Small businesses employ roughly half of U.S. workers. What’s more, small companies create nearly half of the new jobs that come into existence. Sadly, the small business community has lost 23% in revenue since the year began. In a similar vein, the number of...

Commodities Are Cheap

Small businesses are barely hanging on. Nearly 50% of them are on their way to visiting the small town of Schitt’s Creek. For example, a Lending Tree survey shows 43% of small companies have seen revenue drop by half or more. Half! Meanwhile, 6% have exited the stage...

High Yield Minefield

The mainstream financial media narrative? Trump or Biden would be great for the stock market. Biden would be great for stocks because direct government stimulus should power consumers until the economy heals on its own. On the flip side, Trump would be great for...

Here Comes the Sun

The current price-to-sales (P/S) ratio for the S&P 500 is 2.4. That is higher than it was at the peak of the 2000 stock bubble. I decided to screen large-cap U.S. companies for outrageous P/S valuations — those that jumped the 15x revenue barrier. According...

Silver Bells

Household equity exposure has rarely been as high as it is today. Is that a good thing or a bad thing? Historically, the higher household stock exposure is, the lower the 10-year forward returns tend to be. In fact, the 25% demarcation heading into the 2000 stock...