…an independent advisory firm building wealth with active portfolio management

Author: John Pugliano

  • Market’s divergence from reality

    Last week the Federal Reserve lowered 2015 GDP growth estimates (again) to a meager 1.8-2.0%.  That’s more than a 30% drop from estimates made at the beginning of the year.  Yet the market rallies with the NASDAQ hitting all-time highs. Enthusiasm on Wall Street persists because the lack of growth ensures low interest rates…allowing mal-investments…