04/29/2021
Today

New York City, the Big Apple, Morphs Into 'Big Empty'

Sohrab Ahmari, City Journal

New York City Diarist

Companies Making Office Great Again

Swapna Venugopal Ramaswamy, USA TODAY

After a year of work-from-home policies, companies are prepping for their employees' return to the office. That could be a very unfamiliar place.

Rise of 'Woke Capital' Is Nothing to Celebrate

Elizabeth Bruenig, New York Times

Nobody, least of all people on the left, has anything to celebrate in the rise of activist industry.

Will We Finance Biden Spending with Confiscatory Taxes?

James Zirin, The Hill

Biden is busily working on his speech Wednesday to a joint session of Congress in which he is expected to celebrate the accomplishments of his first 100 days in office.

Joe Biden Is Making An Enormous Investment In Job Creation

Ella Nilsen, Vox

Women and people of color were crucial to Biden's presidential win, and they're crucial to his jobs plan.

President Biden's Vindictive Capital-Gains Tax Hike

The Editors, National Review

The president thinks the government will allocate resources more effectively than the market.

Biden's First 100 the Best Such Stretch for S&P 500

Joy Wiltermuth, MarketWatch

The S&P 500 index and Dow Jones Industrial Average have been roaring higher as President Joe Biden nears his first 100 days in office, outmatched in the same...

Hopefully This Is As Weird As Markets Will Get

Dan Ferris, American Consequences

Dodgier than Dogecoin. Weirder than GameStop. Get the story behind one unassuming New Jersey deli valued at over $1 billion.

A Surprising Truth About This Year's 'Volatility'

Market Minder, Fisher Investments

Stocks actually haven't been too rocky this year.

The Declaration of Independence Is the Next Hot IPO

Matt Egan, CNN Business

A copy of the Declaration of Independence is hitting the sizzling collectibles market, just in time for July 4th. And unlike other rare items up for sale, you don't have to be a millionaire to own a piece of it.

Green New Deal: Glitter & Nonsense

Andrew Fillat & Henry Miller, Washington Examiner

Having spent our adult lives involved with and supporting science and technology, it is frustrating and infuriating to endure uninformed politicians, pundits, and ideologues bloviating about the climate, to say nothing of the pointless dithering about whether we should be referring to climate…

Consumers Who Desire Privacy Finally Getting Their Way

Jeffrey Tucker, AIER

"The Internet and the app economy might someday live up to their promise. Rather than invading our personal autonomy, collecting data, and monetizing every aspect of our lives, they might start showing some respect for people. In contrast, if there is one thing that we should have discovered...

Markets Aggressively Forecasting End to Lockdowns

Jeff Erber, Grey Owl Capital

Is Your Teenager Financially Fit?

Carrie Schwab-Pomerantz, Charles Schwab

Want to boost your teen's financial education? Give them some hands-on money experience.

Where Do Biden's First 100 Days Stack Up v. Trump?

Ryan Detrick, LPL Financial

Market Blog Wednesday, April 28, 2021

Rates of Various Stripes Will Dominate This Week

Ryan Severino, JLL

No Reason for Major FOMC Changes

Steve Englander, Standard Chartered Bank

Time to Sell Your Dividend Stocks?

Mark Eidem & Michael Rawson & Adam Lynch, CS

Picking your dividend-paying stocks is half the battle. How do you know when it's time to sell? Consider following these three steps.

Pump it Up: Earnings Season Starts Off Strong

Liz Ann Sonders, Charles Schwab

Although earnings season has a ways to go, the results have been strong enough to significantly boost growth expectations, while also easing some valuation concerns.

The Best Managers Aren't in It Just for the Money

Christopher Schelling, II

The key to motivating investors comes from something deeper than performance fees.

A Fiduciary's Duty Is to Retirees, Not To Ideology

Patrick Pizzella, RealClearPolitics

What do a former assistant secretary of the Treasury in the Clinton administration, the former BlackRock CIO of sustainable investing, and the former Trump...

Defective Excuses for Capital Gains Tax Hikes

Tim Worstall, Washington Examiner

President Joe Biden wants to double capital gains tax rates for rich people. It's not a very good idea.

Biden Is Investing $1.8 Trillion In America's Families

Anna North & Ella Nilsen, Vox

Biden's new plan would be life-changing for many American families. Can it pass?

Biden Launching a Broad Attack On Our Prosperity

Larry Kudlow, New York Sun

So let me get this right. President Biden has proposed the highest capital gains tax in, probably, history. I'm not quite sure. I know, though, that it's the highest in the past 50 years. At 43.4% — added with the corporate tax — that gets you to more

Source of Angst Now, Brexit Will Become a Footnote

Oliver Wiseman, City Journal

A historian argues that British membership in the EU, not Brexit, was the true aberration.

You Could Be Jeopardizing SS Benefits & Not Know It

Christy Bieber, Motley Fool

You could be jeopardizing your benefits and not even know it.

Why Covid 'Vaccine Passports' Are Scarier Than You Think

Tiffany Li, MSNBC

Without a federal privacy law, most Americans have little recourse if a vaccine passport app violates individual privacy rights.

Get woke, Go Broke: Pious,Political Oscars Sheds Viewers

Joe Concha, The Hill

The Oscars is much like late-night "comedy" these days, where viewers can tune in to see Stephen Colbert or Seth Meyers or Trevor Noah make poignant arguments about abolishing the filibuster.

Federal Support Can Create Silicon Valley Success Nationally

Steve Case, Hill

By taking better advantage of the nation's deep well of entrepreneurial assets, communities blessed with universities, leaders, know-how and talent will have opportunities to shape America's collective future.

After TX Blackouts, Follow the Wind, Solar Money

Robert Bryce, RealClearEnergy

In the aftermath of the Texas blackouts, one thing became clear: Big Wind and Big Solar have nearly every media outlet in the country on speed dial. Indeed, in the days after the blackouts, numerous m

Tesla Extends Profit Streak w/EV Sales, Pollution Credits

Alan Ohnsman, Forbes

The electric-car maker stayed profitable in the first quarter with earnings and revenue figures that topped consensus expectations.

Ken Fisher on Nixing the VIX

Fisher Investments Editorial Staff, Fisher Investments

Shattering the Debt Ceiling Myth

Fisher Investments Editorial Staff, Fisher Investments

Facebook's Biggest Problem In Just 4 Words

Jason Aten, Inc.

In an interview, Apple's SVP of software engineering explains the company's privacy changes in iOS 14.5.

Will New York Come Back This Time?

Nicole Gelinas, City Journal

The developer and longtime government hand tells Nicole Gelinas that leadership will determine when the city thrives again.

There's Still No Alternative To Stocks

Jonathan Clements, HumbleDollar

IS THIS A TIME to be fearful? In Berkshire Hathaway's 1986 annual report, Warren Buffett wrote, "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." Make no mistake: There's plenty of greed on display right now, whether it's bitcoin, nonfungible tokens, Robinhood traders, GameStop or special purpose acquisition companies. All of this has some observers talking of a market bubble. Indeed, I suspect much of this nonsense "will end in tears," a phrase my mother often used when trying to control her four rambunctious children.

How Many Stocks Actually Beat the Indexes?

John Rekenthaler, Morningstar

Unlike the children of Lake Wobegon, most companies are below average.

So What Will The Fed Do Now?

James Picerno, The Capital Spectator

Has the Fed's monetary policy playbook run out of road.

Capitalist Havens of Free Speech

Steven Malanga, City Journal

Market-driven innovation is providing new outlets for free expression in an increasingly intolerant media environment.

Manheim Steamroller

Rusty Guinn, Epsilon Theory

When we talk about and plan for inflation in our businesses and portfolios, we are usually focused on direction and magnitude. We also usually abstract away from price volatility. We shouldn't.
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