Stocks, as measured by the Dow Jones Industrial Average, have declined 4.4% since the peak on August 13, 2021. According to a study by Capital Group, from 1949 to 2020, stocks decline -5% approximately three times per year. The average length of decline from peak to low is 43 days. The peak before the current …

September 28, 2021 Commentary

Good afternoon, This tumultuous week of trading has been relatively self-inflicted.  While the debt ceiling issue may be the most time-sensitive and immediately consequential, it has become lost in the mix of political squabbles, new spending bills, reconciliation and the 60-vote thresholds.  During each of the times within the last two decades where the debt …
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