The stock market sees its shadow

Commentators often call a decline in stock prices after a sustained rise a “correction,” as if the previous rise was somehow an error. Normally, we refrain from such nomenclature, because no one knows what drives share prices in the short run. But in the case of recent declines in U.S.…

Charlie’s month-end reading list

Here are some of the latest topics of interest at Fort Pitt Capital: The first piece, “Minimum wage massacre: Canadian part-time jobs crash most in history,” by ZeroHedge, discusses the January unemployment rate in Canada, which rose above 5.9 percent for the first time since 2009. Some believe the increase…

Charlie’s month-end reading list

Here are some of the latest topics of interest at Fort Pitt Capital: The first piece, “Why California has the nation’s worst poverty rate,” by the Mises Institute, reveals that the ‘black eye’ of California is its 20% poverty rate. One in five Californians lives below the poverty line. Some…

Coaster brakes

Back in September, the U.S. Federal Reserve announced that their massive bond-buying program known as Quantitative Easing (QE) would begin to be reversed on October 1st, 2017. Given this momentous occasion (at least for bond nerds like us), we thought it would be useful to summarize, in laymen’s terms, the…

Charlie’s month-end reading list

Here are the latest informative and interesting articles circulating at Fort Pitt: The first article, "2017 deferred interest study: Which retailers use it?" is a WalletHub piece by reporter Alina Comoreanu detailing the lure of deferred interest. As the holiday shopping season approaches, shoppers need to be aware of the specific terms…

Charlie’s month-end reading list

Here are some of the latest topics of interest at Fort Pitt Capital: The first article, "Landlord's view of the brick and mortar meltdown," published on Wolf Street by reporter John McNellis discusses the decline of traditional retail from a landlord’s perspective. McNellis indicates that clicks have not yet completely replaced bricks,…

Charlie’s month-end reading list

Start the fall season right with the latest from the Fort Pitt reading list: The first piece, "Amazon slashes Whole Foods prices as much as 43 percent, channel checks reveal," is a Zero Hedge article that examines Amazon’s recent acquisition of Whole Foods. Amazon has slashed prices on many Whole Foods items…