On Thursday, the U.S. Department of Justice (DOJ) in conjunction with a bipartisan group of state attorneys general announced an antitrust lawsuit against technology giant Apple. The filing claims that Apple engaged in anticompetitive behavior through its control of the iPhone, resulting in harm to businesses and consumers. This suit is the latest in a series of recent bipartisan antitrust …
Economic & Market Report: The Ides of March
The middle of March was certainly a bad time of year for Julius Caesar, but what about capital markets? After all, it was almost exactly one year ago when investors were looking directly into the abyss of another potential financial crisis with the sudden unraveling of Silicon Valley Bank, Signature Bank, and global banking giant Credit Suisse. Where do we …
Economic & Market Report: Looking Beneath The Surface
“Look beneath the surface; let not the several quality a thing nor its worth escape thee.” – Marcus Aurelius The gains in the U.S. stock market keep on coming. This includes the headline benchmark S&P 500, which is now up over +7% year to date with seemingly any and all dips (Tuesday this week) almost immediately being bought (Wednesday this week). …
Economic & Market Report: Shortness of Breadth
The U.S. stock market is flying once again this year. After posting an impressive +24% advance in 2023, a year when many prognosticators thought that the market would descend further into bear territory instead of skyrocketing, the S&P 500 Index is already up nearly +7% in 2024 so far. But a troubling characteristic continues to linger for the U.S. stock …