What does your Playlist say about you?

What does your Playlist say about you?

Your preference for pop, country, opera, classic rock, or some other type of music may provide clues to your personality, according to an article in Psychological Science entitled ‘Musical Preferences Predict Personality.’

Psychologists have been studying ‘personality’ for a long time. Their goal is to understand why people think, feel, and behave differently in the same situation. The prevailing personality model is called the ‘Big Five.’...

The Sherman SITREP

U.S. Markets:  Stocks recorded solid gains and reversed the previous week’s losses, but volatility remained.  Investors appeared to be more focused on the turbulent political theater going on in Washington rather than the first quarter’s upcoming corporate earnings reports.  The Dow Jones Industrial Average added 427 points last week, closing at 24,360 - a gain of 1.8%...

The not-so-secret March Mardness Effect

The not-so-secret March Mardness Effect

Have you ever wondered how students select colleges? Economic theory suggests, “Models of college choice typically assume that high school students are fully informed and choose to apply to and eventually attend a school that maximizes their expected, present discounted value of future wages less the costs associated with college attendance.”

It’s a good theory, if you’re an economist who believes people act in perfectly rational ways. Of course, there aren’t many high school students (or parents) who can explain the present discounted value of something, much less use it as a tool to choose a college...

Sherman SITREP

U.S. Markets:  Growing tensions between China and the United States exacerbated fears of an all-out trade war between the world’s top two economies.  China announced that it would retaliate for the U.S. tariffs on steel and aluminum with new tariffs on its own targeting roughly 130 U.S. products.  The U.S. countered with an additional list of proposed tariffs on 1,300 Chinese products...

If you asked artificil intelligence (AI) to bake, what would it make?

If you asked artificil intelligence (AI) to bake, what would it make?

Janelle Shane at PopSci.com wrote, “When computers try to imitate humans, they often get confused. But simulated brain cells in so-called neural networks can mimic our problem-solving skills. An AI will look at a dataset, figure out its governing rules, and use those instructions to make something new. We already employ these bots to recognize faces, drive cars, and caption images for the blind. But can a computer cook?”

Shane addressed the question by training a computer’s neural network to write a recipe...

Sherman SITREP

U.S. Markets:  U.S. stocks recovered a portion of the previous week’s steep losses, but the high-flying technology sector lagged the other benchmarks in this partial recovery.  The Dow Jones Industrial Average climbed 570 points to close at 24,103, a gain of 2.4%.  The technology-heavy NASDAQ Composite added 70 points to end the week at 7,063, a 1.0% rise.  By market cap, the large cap S&P 500 index rebounded 2.0%, the mid cap S&P 400 index gained 2.1%, and the small cap Russell 2000 index rose 1.3%...

Let's Take a Good News Break

Let's Take a Good News Break

After last week, we could all use some good news. Here are 10 intriguing headlines from the Good News Network:

  1. Scientists Believe They Found a Way to Stop Future Hurricanes in Their Tracks
  2. Strangers Rally Around 13-Year-old Whose Rock Museum was Robbed
  3. Dog that Shoplifted a Book on ‘Abandonment’ is Given the Love It was Asking For
  4. Stranger Becomes Honorary Grandma After She Opens Home to Stranded Father in Distress...

The Sherman SITREP

In the "decades" timeframe, the current Secular Bull Market could turn out to be among the shorter Secular Bull markets on record.  This is because of the long-term valuation of the market which, after only eight years, has reached the upper end of its normal range. 

The long-term valuation of the market is commonly measured by the Cyclically Adjusted Price to Earnings ratio, or “CAPE”, which smooths out shorter-term earnings swings in order to get a longer-term assessment of market valuation.  A CAPE level of 30 is considered to be the upper end of the normal range, and the level at which further PE-ratio expansion comes to a halt (meaning that increases in market prices only occur in a general response to earnings increases, instead of rising “just because”)... 

How Much do you Spend on Healthcare?

How Much do you Spend on Healthcare?

Healthcare costs have been going up for a long time. The Centers for Medicare & Medicaid Services reported annual health spending – healthcare paid for through private health insurance, Medicare, Medicaid, or out-of-pocket spending by businesses, households and governments – in the United States averaged $3.3 trillion in 2016.

That’s about $10,348 per person...

The Sherman SITREP

In the "decades" timeframe, the current Secular Bull Market could turn out to be among the shorter Secular Bull markets on record.  This is because of the long-term valuation of the market which, after only eight years, has reached the upper end of its normal range. 

The long-term valuation of the market is commonly measured by the Cyclically Adjusted Price to Earnings ratio, or “CAPE”, which smooths out shorter-term earnings swings in order to get a longer-term assessment of market valuation.  A CAPE level of 30 is considered to be the upper end of the normal range, and the level at which further PE-ratio expansion comes to a halt (meaning that increases in market prices only occur in a general response to earnings increases, instead of rising “just because”)... 

What does your State Export?

What does your State Export?

Every state has adopted official symbols that represent its culture and heritage. You can probably name your state’s official bird and flower. It’s likely you recognize your state’s flag and its seal. Can you name its highest value export?

The United States exported about $1.6 trillion worth of goods during 2017, according to The World Factbook. Here is a list of the states that export the most, along with their highest value exports...

The Sherman SITREP

In the "decades" timeframe, the current Secular Bull Market could turn out to be among the shorter Secular Bull markets on record.  This is because of the long-term valuation of the market which, after only eight years, has reached the upper end of its normal range. 

The long-term valuation of the market is commonly measured by the Cyclically Adjusted Price to Earnings ratio, or “CAPE”, which smooths out shorter-term earnings swings in order to get a longer-term assessment of market valuation.

The Sherman SITREP

In the "decades" timeframe, the current Secular Bull Market could turn out to be among the shorter Secular Bull markets on record.  This is because of the long-term valuation of the market which, after only eight years, has reached the upper end of its normal range. 

The long-term valuation of the market is commonly measured by...

The Sherman SITREP

In the "decades" timeframe, the current Secular Bull Market could turn out to be among the shorter Secular Bull markets on record.  This is because of the long-term valuation of the market which, after only eight years, has reached the upper end of its normal range. 

The long-term valuation of the market is commonly measured by the Cyclically Adjusted Price to Earnings ratio, or “CAPE”, which smooths out shorter-term earnings swings in order to get a longer-term assessment of market valuation.  A CAPE level of 30 is considered to be the upper end of the normal range, and the level at which further PE-ratio expansion comes to a halt (meaning that increases in market prices only occur in a general response to earnings increases, instead of rising “just because”). 

Of course, a “mania” could come along and drive prices higher – much higher, even – and for some years to come.  Manias occur when...

Book Co-Authored by Top Financial Advisor Examines the Benefits of Charitable Giving

Book Co-Authored by Top Financial Advisor Examines the Benefits of Charitable Giving

Generosity is often a foundation of financial success as well as an essential key to living a happy life, according to Wade Chessman, Certified Financial Planner, CEO, and founder of Chessman Wealth Strategies.

He co-authored a book on the topic designed to inspire and enlighten readers with quotes, illustrations, essays, and short stories that explore the transformational power of giving. Entitled Giving Transforms You – 52 Ways Giving Transforms You, Your Family, Your Business and Your Community, Chessman’s book includes practical tips on reducing taxes and generating lifetime income to create a legacy through charitable giving.

The Sherman SITREP

SITREP: n. a report on the current situation; a military abbreviation; from "situation report".

In the "decades" timeframe, the current Secular Bull Market could turn out to be among the shorter Secular Bull markets on record.  This is because of the long-term valuation of the market which, after only eight years, has reached the upper end of its normal range. 

The long-term valuation of the market is commonly measured by the Cyclically Adjusted Price to Earnings ratio, or “CAPE”, which smooths out shorter-term earnings swings in order to get a longer-term assessment of market valuation.  A CAPE level of 30 is considered to be the upper end of the normal range, and the level at which further PE-ratio expansion comes to a halt (meaning that increases in market prices only occur in a general response to earnings increases, instead of rising “just because”).

Market Downturns Are Not a Destination

Market Downturns Are Not a Destination

Markets and economies are cyclical. For instance, from 1945 through 2009 (the start of the current expansion), the United States experienced 11 economic cycles. The average recession lasted for about 11 months and the average expansion persisted for about 58 months, reported the National Bureau for Economic Research.

 

After the recent market decline, many people are concerned the bull market may have run its course, and a bear market may be ahead. Since bear markets usually mark the beginning of recessions, let’s take a look at what some leading financial companies and publications have to say about their expectations for 2018:

What Does Success Mean to You?

What Does Success Mean to You?

For some, having a big following on social media translates as success. NASA, which has more followers than any other government organization worldwide (28 million), may be considered successful. Of course, NASA doesn’t hold a candle to Katy Perry, who has close to 106 million followers.

It will surprise few to learn the U.S. Treasury, which manages the money resources of the United States, doesn’t have many followers (770,000); however, it has more than the Federal Reserve (446,000).

It’s almost enough to make you wonder whether Americans care about money. They do, but on a more personal level...