Market Overview

The combination of extremely rich equity valuations, high interest rates, and a new President taking bold actions will likely continue to whip stocks around for the foreseeable future. Alongside...

One of the most referenced valuation measures is Dr. Robert Shiller’s Cyclically Adjusted Price-Earnings Ratio, known as CAPE. Valuations have always been, and remain, an essential variable in...

A couple of weeks ago, I presented a blog post called “Trump Era Volatility: The Impact on Portfolio Allocations,” in which I pointed out that the effect of increasing volatility generally is to...

Just recently, S&P Global released its 2026 earnings estimates, which, for lack of a better word, have gone parabolic. Such should not be surprising given the ongoing exuberance on Wall Street....

Recent headlines appear to have shaken investor sentiment. It’s premature to read too much into a few days of weaker-than-expected survey numbers. More importantly, the latest data indicate that the...

The stock market sold off on a decline in February's Consumer Confidence Index (CCI), confirming a similar decline in February's Consumer Sentiment Index (CSI), which was reported at the end of last...

The EU’s most costly budgets, bitcoin’s market swings, and rising US bankruptcies. Each week, the Syz investment team takes you through the last seven days in seven charts. 1. The EU Countries With...

Last week, we discussed that continued bullish exuberance and high levels of complacency can quickly turn into volatility. As we noted then, introducing an unexpected, exogenous event can soon lead...

“The Gunfight at Dodge City” is a 1959 Western film. After his brother the sheriff is murdered, Bat Masterson is elected to the job of sheriff and is determined to find the killer and make Dodge City...

Last week, we discussed the surge in retail exuberance in the market following the election of President Trump. “The market defies more negative news because retail investors continue to step in and...

I am constantly amazed at certain articles of faith among the economics community. In my line of expertise, one of the most amazing to me is the absolute conviction with which the economics community...

For Part 1 on “Tariff Risk” read: Tariff Impact Not As Bearish As Predicted. In “Trumpflation” we discussed why the tariff risk was not inflation. To wit: “Today, globalization and technology give...

Success in trading isn’t about guessing market direction—it’s about executing a well-defined framework with discipline and precision. This framework provides a structured approach to identifying...

Last week, we learned that the Consumer Price Index rose by 0.47% in January, well above expectations. Excluding food and energy, the news was not much better, with a 0.45% advance. It was a...