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Despite all the data showing the U.S. economy seemingly in good shape, surveys continue to indicate great unease. Believe the surveys. Employment reports depict a growing labor market and near record-low unemployment. Yet data from the Federal Reserve of St. Louis shows two consecutive months of decline,… Read More

The state of the oil market remains a question of who to believe, the IEA or OPEC. Our heart is with the IEA, which projects 2024 growth in oil demand of a bit above 1 million barrels a day. But our head gives the edge to OPEC, which projects demand… Read More

High interest rates made 2023 a rough year for income stocks. And actually, the market’s overall rally in 2023 wasn’t as great as the gain in the S&P 500 might suggest. Although the S&P 500 returned well over 20% for the year, that’s deceptive, because the bulk of the gains… Read More