PROTECT YOURSELF FROM SMISHING!

There’s a new word you need to learn: smishing. And you need to protect yourself from it! The occasion of email phishing scams is so frequent, we should be very conscious of these criminal efforts. Do you studiously review emails from…

DISSENT AT SEC OVER FIDUCIARY STANDARDS

Last year, the Department of Labor rolled back implementation of regulations that would have set high standards of fiduciary care, rules heartily supported by NWCM and firms like ours.  Given our disappointment in the rollback, we hoped the…

TROUBLE WITH THE CURVE

The yield curve inverted for the first time since 2007. Yield curve inversions have preceded the last 7 recessions. Inversions tend to happen when the Federal Reserve raises short-term interest rates yet long-term bond yields decline (indicating…

HISTORICAL BULL & BEAR MARKETS

The following chart shows a timeline from the 1920’s through to today. The vertical pink shadings are recessions. Unshaded periods on the timeline are economic expansions. The blue “mountain” graphics are a Bull market’s performance…

BEAR MARKET ON THE HORIZON?

With the worst performance in stocks for a Thanksgiving week since 1939, the S&P 500 has experienced a “correction.” Last Friday’s close is down 10% from its high of 2940 this past September earlier. The S&P 500 is flat for…

MARKET PULLBACKS

Six trading days ago, the Dow Jones Average closed at an all-time high. Yesterday’s 3%-plus drop of 831 points in the Dow was the biggest in 8 months. With the Dow down another 546 points today, this index is now 1,736 points of its high—a…