Looks like we are in a bear market. But don't despair, they rarely go straight down. If historical bear markets are any guide, as the market falls over time, there are sharp rallies that allowed participants to rebalance or de-risk their portfolios if needed. Here is a picture of the S&P 500 during the 2000-2003 bear market. Some of these bear market rallies were pretty large but did not change the overall downward trend during this period. This doesn't tell us where the mark

Everybody is worried about inflation. But there is a lot more behind the headlines on the latest inflation numbers. A lot of the talk Wednesday morning was wishful thinking along the lines of: "it looks like inflation is peaking!” I wanted to highlight a couple of points that show the inflation isn’t just supply chain related, and there are some fundamentally broken parts to the U.S. economy right now driving the price hikes we're all experiencing. While gas prices have defin