Russell Wayne, CFP®

About Russell Wayne, CFP®

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So far has created 112 blog entries.

Good News and Bad News

Not only is the U.S. economy moving ahead at an impressive rate, but so are most of the major economies around the world.  So it’s no surprise that there’s been a global advance in most of the world’s stock markets.  Still, it’s important to keep in mind that the U.S. economy has been a leader […]

Recession Probability? More Than A Year Away

It’s safe to say that the U.S. economy has more than enough momentum to stay on a roll straight through the year.  The prospect of reduced corporate taxes raises the probability even higher.  Yet, as we all know, trees do not grow to the sky and economic growth is not perfectly linear.

Although substantial fiscal stimulus […]

Does January Predict The Full Year?

One of the well-known Wall Street tales is that whatever happens in January is likely to be a good indication of how the rest of the year will be.  In the interest of getting a better understanding of the probabilities, I studied the returns of the Standard & Poor’s 500 for the last 50 years.  […]

2018 Will Be Different

In the wake of the unusual market performance of 2017, one can be certain that what lies ahead will not be more of the same.  For one thing, the most recent 12 months was exceptional both in terms of the rate of gain and the absence of volatility.  The advance of about 18% already registered […]

The View Toward 2018

The current year has been most unusual from an investment perspective.  Whether it’s viewed as a Goldilocks environment or a confluence of favorable factors, stock market advances, both in the U.S. and abroad, have been well above average.  Even more interesting, however, is that the fact that the gains have been almost nonstop.

In the past, […]

Is Volatility Returning?

The current year has been one of unusual calm in the investment markets.  Now that we’re almost halfway through December, it has been a period of minimal market fluctuation along with well above average upward progress.  The latter is largely a reflection of continuing momentum reflecting underlying advances in profits, both domestic and international. Yet, […]

The Tax Bill May Not Be Good News

As the day of decision on the future of U.S. taxes draws near, it seems appropriate to give further thought to its potential impact on business and individual taxpayers.  Behind all the hoopla surrounding this legislation, the probability is that whatever benefits may be forthcoming will be more like a sugar high that ultimately gives […]

As The Tax Bill Goes, So Goes The Market

Given the rich valuation of the U.S. market, the best explanation for the current optimism being shown by investors is their expectation that the tax bills now under consideration by the House and the Senate will become law.  The major beneficiary of that legislation will be corporations, which may well enjoy substantial increases in their […]

Is The Correction Finally Here?

In the wake of the latest round of nationwide elections, there are early signs of discontent among the voters.  The turnout was well above expectations and the results suggest a significant shift in attitude from what propelled the current administration into office.  All of which adds up to an increasing probability that the latest efforts […]

Are Stock Prices In La La Land?

One can only marvel at the nonstop advance of the leading market averages.  It’s almost as if the law of stock market gravity has been repealed.  Triple-digit stock price quotes abound and it seems that there must be a ban on daily retrenchments, much less a substantial correction.

The history of the Standard & Poor’s 500 […]