Financial Commentary – Public

Fear Street

A year and a quarter that started out strong ran out of gas as the Federal Reserve failed to lower interest rates and as a military action (“excursion” “war”, call it what you will) resulted in strangulation of one of the most important channels for waterborne transport of oil, liquified natural gas, fertilizer […]

Given the worrisome headlines and market volatility clients are seeing some stepped up trading activity for their accounts.  It feels like a good time for a brief update.

I sold out our position in the big bank exchange traded fund. This was bought a few weeks ago based on a loosening regulatory environment and strong bank […]

Over the 25 years of providing investment advice as an Registered Investment Advisor, I’ve often explained that in exchange for peace of mind, a balanced approach requires this tradeoff:  during equity bull markets, a balanced approach will appear to underperform, simply because by design there is less […]

Gary Miller sharing his thoughts on the economy and markets with clients at Trusted Financial’s annual holiday luncheon.

Following the equity market volatility of the first half of 2025, investors saw a calmer third quarter that rewarded those who stayed invested. Spooked by the mini Crash of April, I’ve maintained a relatively high allocation to money market funds. While we seem to be on track for a typical year’s return in the 7% […]

Daily gyrations of financial markets continued into the first quarter culminating in an apparent bottom for the S&P 500 stock index on April 7. This was followed by a dramatic turnaround that few anticipated, and few believed. There was so much “noise” amplifying the usual uncertainty that accompanies investing, that protecting client assets appeared the […]

Artificial Intelligence versus web search…how things might change for companies:

July 5, 2025, Wall Street Journal, “The Companies Betting They Can Profit From Google Search’s Demise” by Katherine Blunt

After touching historic highs in mid-February, US stock indexes slumped, with most technology winners of the past three years falling into a meaningful correction. All told, it was a first quarter that began on a positive note as markets cheered what they hoped would be a Trump 2.0 administration focused on deregulation and tax cuts. […]

Want to better understand “the Cloud”? AI? There are revolutionary changes washing through our North American and world economy. Here is a great article with interviews to help shed a light on some of the areas we have seen as opportunities for investors:
Wall Street Journal  “Banks Loan $2 Billion to Build a 100-Acre […]

A second year of healthy growth for financial assets in the United States has, for most observers, put an end to talk of a “soft landing” or a “hard landing.” As I observed last quarter, the economy has landed, and the reason some have not noticed is because it was and is an amazingly soft […]