Before we get started with the essay, we would like to express our deepest sympathies to those who have been affected directly and/or indirectly by the COVID-19 pandemic. It can take a tremendous toll when we are:

• Concerned for our health and the health of others.

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Hooray! We are now in the longest period of economic expansion in U.S. history (June 2009 to present), having recently surpassed the prior record of March 1991 to March 2001^1 The last two recessions were especially painful in the equity markets due to excesses built d...

Manufacturing Overview

Breakthroughs from successful research and development (R&D) have created new processes and technologies that ripple through the economy, changing lives and society. R&D is an important factor driving the estimates that for every dollar spent in m...

For the past few months there have been swarms of PhDs, economists, and strategists buzzing to a hypersensitive media about the dire straits portended from the inverted yield curve. It only seems appropriate we share more of our thoughts and observations on the matter.

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The Bottom Lines

• U.S.-China trade policies need to be updated, and China is not in a strong position for trade negotiations.

• The United States has the best risk adjusted prospects in the world today.

A Brief History

The first trade war involving both the U.S....

There are two kinds of losses. Obviously, one kind of loss is an actual loss from selling something for less than it was purchased. Keys to avoiding an actual loss are to not buy too high, when the outlook is too rosy or there is a fear of missing out, and not sell too...