Evercore ISI

The Bubble Talk is Back, But This Story Has Further to Run

The Bubble Talk is Back, But This Story Has Further to Run

The chatter is unmistakable. From trading floors to investment committee meetings, "bubble" has officially entered the market dialogue. The latest Schwab survey reveals that 57% of professional traders now view the market as overvalued. Meanwhile, prominent economists are drawing comparisons to the dot-com era, with Apollo Global Management's chief economist Torsten Slok noting that today's top stocks are “more overvalued” then their counterparts were in the 1990s.

The Santa Claus Rally

The Santa Claus Rally

The holidays are upon us, and at Ferguson Wellman, that means giving thanks, being grateful, staying humble and wishing for the best . And while we take the time to enjoy the festivities, we also keep one eye on the markets to see what lies ahead as the year closes. From now to the end of the year, market participants wait to see what rewards the “Santa Claus Rally” brings.

Sign of the Times

Sign of the Times

Earlier this week, my family and I were out to dinner when we saw a sign on the front door of the restaurant that read: “Being short staffed is the new pandemic… Thank you for your patience with us.” While we are familiar with the standard “help wanted” signs, specifically in the service sectors industry, you may have noticed a recent addition to these signs: signing bonuses.

Two Steps Forward, One Step Back

Two Steps Forward, One Step Back

Economic data the past week reinforced the view that the U.S. economy continues to improve. This was highlighted by the retail sales number released by the U.S. Department of Commerce on Thursday morning.