Economic Insights – July 2018

History tells us that, over the long-term, the economy grows, and stocks rise.  Therefore, optimism as a default setting is the only way to successfully fund a retirement over the long stretch. Beyond that, you need to avoid emotion when it comes to assigning probabilities to any price changes that might occur.

Since late January the S&P 500 index has been going side-ways.  Every time is approaches its all-time high, it inevitably backs off.  We are not surprised.  Since mid-January, McClellan’s indicators have pred.....