A Patient Prospector Archive

Our perspective on current market conditions, economic trends and what they may mean for investors.

July 20, 2026

Market Observations for July 20, 2026

Overall and core (excludes volatile food and energy prices) inflation on both the consumer and producer price indexes retreated more than expected last month, helping to reduce the number of […] Continue Reading...

July 13, 2026

Market Observations for July 13, 2026

Despite a U-turn in the Middle East peace process that saw both sides again engage in military escalation that led to a more than 4% rise in oil prices, the […] Continue Reading...

July 6, 2026

Market Observations for July 6, 2026

It is difficult to complain about a spectacular first half of 2026 in which all the Bloomberg benchmarks in the table below turned in double-digit percentage returns, with the Bloomberg […] Continue Reading...

June 29, 2026

Market Observations for June 29, 2026

We always say it is a market of stocks and not simply a stock market, and the latest trading week vividly illustrates the point. Despite The Wall Street Journal pessimistically […] Continue Reading...

June 22, 2026

Market Observations for June 22, 2026

Stocks sank on Wednesday, with one market pundit proclaiming, “The Fed is at a point where it can’t ignore inflation. I’m not surprised the world has shifted to a higher […] Continue Reading...

June 15, 2026

Market Observations for June 15, 2026

While this writer confesses to making numerous appearances on the network over his 39-year career, it is always fascinating to hear the talking heads on CNBC TV explaining with remarkable […] Continue Reading...

June 8, 2026

Market Observations for June 8, 2026

While we are just one-to-three trading days removed from all-time highs on the major market averages, Friday’s equity-market retreat provided a stark reminder that while the long-term trend in stocks […] Continue Reading...

June 1, 2026

Market Observations for June 1, 2026

With the week and the month ending on a positive note, the Wall Street adage “Sell in May and Go Away” would have proved costly this time around, especially as […] Continue Reading...

May 28, 2026

Market Observations for May 28, 2026

There were two shootings in Washington D.C. near the President. The United Arab Emirates left OPEC, while the Straight of Hormuz effectively remained shut down as the Iranian Conflict dragged […] Continue Reading...