Daily Archives: August 4, 2022

As of yesterday’s close, the economically sensitive small-cap Russell 2000 index had bounced 15% from June 12 and remained -22% from its October 21, 2021 high. The tech-heavy Nasdaq had rallied 19% since June 16 and remained -21% since November. … Continue reading →

Ultra-easy credit conditions in 2020-21 conditioned many to think that prices–from vehicles to homes, consumer goods, crypto, stocks, junk debt, et al.–only go up. Painful lessons are the natural aftermath of such misguided thinking. In the July University of Michigan … Continue reading →