August 2022. Thank you for coming, everybody. Don’t forget to tip your waitstaff. Oh, you came for more than just the punchline? Well, pull up a chair and listen to me weave an oxymoronic tale of educated speculation. (“Educated speculation” — patent pending on that phrase.) I went to college in the early-to-mid 1990s. Back then, the study of economics was based on Adam Smith’s “invisible hand,” the unseen force that guided our short- and long-run decisions to maximize our financial outcomes. In the 1990s, I was told that I could eat all the candy and bread I wanted and…
Insights & Advice
Tag: Bonds
Concern about mail-in ballots
Dalton — When I am wrong, I call myself out. I’m seemingly on the verge of being wrong. On July 15, I wrote, “For the rest of the year, I suspect the S&P 500 will live in a range between 2,700 and 3,450.” There is a chance the index will get above 3,450 by the end of the year. Currently, the S&P 500 is a hair away from its Feb. 19 pre-pandemic closing high of 3,386 (as you are reading this, the index may have broken above that level). The question is: How will the stock market perform if it does hit…