A reader asked if she should sell all her stocks because of the rare back-to-back Hindenburg Omen event. We consulted the Dean of the NYSE, our friend Art Cashin, and asked permission to quote him. We thank Art for granting us the okay so that we can share his wisdom with our readers.

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A couple of months ago we offered readers an escape and talked about numbers (“An Economist Visits the Grand Canyon,” https://www.cumber.com/market-commentary/economist-visits-gra

The anchor on TV said, “He snuck it in.”

After a year’s break because of COVID, we are reconvening the annual summer gathering at Leen’s Lodge in Grand Lake Stream, Maine. The Global Interdependence Center has been enormously helpful in organizing the gathering.

The Eurozone’s economy as measured by GDP expanded by 2% q/q in the second quarter, significantly faster than expected, indeed faster than the economies of the US and China. However, Eurozone GDP was still 3% lower than its pre-pandemic high, while US second-quarter GDP was 0.8% higher. The HIS…

Pandemic Insights: Barry Ritholtz Interviews Charity Dean

The FOMC decided to maintain its accommodative policy stance, continuing its target range for the federal funds rate between 0% and 0.25% and maintaining its $80 billion purchase of Treasury securities and $40 billion of agency mortgage-backed securities. The statement was virtually identical in…

Earnings of the S&P 500 Index companies continue to deliver positive surprises as the results of the second quarter of 2021 are revealed. Market agents are really focused on the direction of future earnings. What will earnings look like in 2022?

The debate about inflation in the United States continues to rage. The argument over “transitory” inflation and what that means versus a strategic accelerating upward trend in the price level defines the outcomes we see among various forecasts. But the only thing we know about making forecasts,…

The fact that 52 million doses of COVID vaccines are languishing unused, about to expire, is a national embarrassment for Americans, a failure in government in some states, and a global tragedy.