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Strange Market Behavior Surrounds Fed’s Second Rate Cut

The Federal Reserve cut the Federal Funds rate yesterday by a quarter-point to a range of 1.75%-2.00%. This was the second rate cut in just seven weeks and was a bit controversial, even within the voting members of the
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Interest Rates and Negative Bond Yields

President Trump got the financial world (OK, the non-financial world too!) fired up with the following early-morning tweets today:
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Mastering the Market Cycle

While market cycles may not repeat precisely, they have recurring and recognizable characteristics. Knowing those characteristics could keep you from making a big mistake.
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Fed Begins New Rate-Cutting Cycle

When the Fed starts cutting interest rates to forestall a future recession, that's usually good news for investors in the short term. In the longer term, not so much.
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Q&A – Answering Your Questions Now

For many years, SMI used to run a "Q&A" column in the newsletter every month where we would answer reader questions. We haven't done that in recent years, as the ability to interact in the comments on every article online
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SMI on the Radio: Interest-Rate Reversal (audio and transcript)

The Federal Reserve recently reversed course and cut interest rates. SMI executive editor Mark Biller explained why that's significant and what it may mean for investors yesterday on Moody Radio's MoneyWise
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Bad News Isn’t Good News, It’s Bad News

Last week, I wrote about the rate-cut optimism that has recently driven the stock market to new highs. Today I want to dig into that a bit further and explain why this shift may mark the beginning of the end for both this
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June Sightings

Sighting: A mild recession, a not-so-mild bear market? Recession fears resurfaced at the end of 2018 as a combination of negative data surprises, communication blunders by the Fed, slowing growth overseas, and rising
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A Quick Primer on Capitalism and Socialism (Plus One Lesser-Known Approach)

It's important to have a basic understanding of the competing approaches to economics and government.  
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Wednesday Grab Bag

When I was a kid, there was always a certain allure to the "Grab bag" — the mysterious bag-o-stuff that didn't reveal its contents until after you bought it. As an avid young football card collector, I recall bouts of
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