In our Annual Outlook for 2023, we raised the possibility that the US economy could potentially avert recession in 2023, powered by full employment and robust consumer spending. Thus far, with roughly a month left in the 2nd quarter, the US economy has proven itself surprisingly resilient, with GDP growth…

Artificial intelligence (AI) and machine learning have existed for some time. Still, the introduction of generative AI tools, like ChatGPT, to a broader audience illustrated the potential power of this technology. As evidenced by the peak popularity of AI as a Google GOOG search term worldwide, interest in the technology…

Picture it: Two founders are golfing. One proudly tells the other about their recent business exit and big financial windfall—but laments the major tax hit. The second golfer asks: “Well, did you make a charitable donation before you sold the company?” And then they explain how they did donate private…

At a time when a few NASDAQ NDAQ -100 growth stocks are soaring upward based on “AI” involvement, here are 4 stocks that look to be cheap — judging by the classic value stock approach to identifying these types of situations. Each of these trades below its book value with…

With the era of low interest rates and ample liquidity coming to an end, some of the world’s richest families have made (or are planning to make) major shifts in asset allocation, the new 2023 UBS Global Family Office Report shows. The survey, released today, covers 230 “family offices,’’ each…

We all naturally wonder how we stack up against each other – are we the average height, weight, etc? Are we the average age to get married? When it comes to retirement, there are many questions to ponder – if you have the average amount of savings, or if you’ll…

Almost half-way through 2023, the stock market is outperforming most analysts’ expectations as earnings rebounded nicely and equity indices are mostly positive. The most popular domestic equity benchmark, the S&P 500, is up 9.7% for the year as of May 31st, a solid bounce back from 2022’s 18.1% decline. The…

One could be forgiven for thinking that last Friday’s headline showing the U.S. economy created a much larger-than-expected 339,000 jobs in May would send stocks lower rather than higher. After all, the Federal Reserve has been relentlessly increasing short-term interest rates to fight the inflation problem, and a tight job…