Despite ongoing financial stress emanating from the likes of Turkey and other emerging market economies in recent weeks, the US stock market (S&P500) managed to finally inch above the prior all-time highs set back in January.  If that alone doesn’t speak to how resilient is the US stock market, it is also worth mentioning the […]

It was another eventful week around the globe, with broad but uncertain implications for financial markets.  Most notable is escalating financial and economic turmoil  in Turkey, which feels at least a little similar to episodes sourced in Greece or Italy in the recent 8 years; the term “contagion” spiked in financial searches on Friday and […]

In many respects, it is hard to recall a week in recent memory as eventful or bifurcated as the one just completed.  For all the noteworthy data points, earnings releases, and developments, performance at broad index-level was perceptibly average.  The Dow and S&P logged gains of roughly +0.5% each, but beneath the surface, performance among […]