What the Market Correction Means for Long-Term Investors
The author F. Scott Fitzgerald once wrote that "the test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function." This concept, often referred to as "cognitive dissonance," is something all investors must grapple with on a regular basis. This is because financial markets can swoon seemingly without reason and, in the worst case,...
What Household Net Worth Hitting an All-Time High Means for Investors
The strength of consumer spending and household balance sheets has been a bright spot in an otherwise challenging market and economic environment. ...
What Washington Politics and the National Debt Mean for Long-Term Investors
While war escalates in the Middle East, a political battle is also heating up in Washington. As of this writing, there is still no House speaker in Congress after Kevin McCarthy's exit and Steve Scalise's withdrawal over the past two weeks. While a number of Republican and House votes are scheduled to attempt to resolve this leadership vacuum, there are more political hurdles on the horizon. This only complicates the...
How Middle East Conflicts Have Historically Impacted Markets
On the morning of Saturday, October 7, Hamas launched a surprise attack on Israel killing hundreds and plunging the region into further conflict. Israel immediately declared war on Hamas, responded with air strikes, and called up 300,000 army reservists. The U.S. and many U.N. Security Council members have condemned the attacks by Hamas, which is designated a terrorist organization by many major countries, and are providing assistance to Israel including...