Weekend Reading: Fed Up

Submitted by Lance Roberts via RealInvestmentAdvice.com,

As discussed yesterday, the markets have been quiet. Too quiet. That makes me worry as generally when volatility resurfaces it has not been kind to investors in the short-term.

But despite the lack of volatility in the market, the S&P eclipsed 2300 yesterday breaking through the psychological barrier on its continued quest towards 2400.

While the market continues to trade on the back of Trump announcements of potential tax reform and support for airlines, the economic backdrop continues to show signs of age.

The important point to note here is the historical deviation between exuberance and economic realities has generally NOT been resolved by reality catching up with fantasy. It has always been the other way around.

This brings me to my interview with Danielle DiMartino-Booth this past week. She and I dig into the economy, the Fed’s missteps, and the realities that currently prevail in the market and the economy. I am sure you will enjoy the interview.


(Note: If you order a copy of Fed Up and bring it to the 2017 Economic & Investment Summit on April 1st in Houston, Texas you can have Danielle personally autograph for you. Also presenting Greg Morris, Michael Lebowitz, and Dave Collum.)

In the meantime, here is what I am reading this weekend as I put my “S&P 2300” hat on…for now.



Favorite / Interesting Reads

“The only thing standing between you and your goal is the Bulls*** story you keep telling yourself as to why you can’t achieve it.” -The Wolf Of Wall Street