By: DOUGLAS A. RILEY, CFA, PORTFOLIO MANAGER I trust that everyone had a joyful and relaxing Thanksgiving break with family and friends. Having awoken from their tryptophan comas and recovered from a four-day football binge, investors turn their sights to the final weeks of wha...

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By: DOUGLAS A. RILEY, CFA, PORTFOLIO MANAGER With the federal government shutdown ongoing throughout October, there is little official economic data to report on. What we did get from private data providers (ISM, Univ. of Michigan, and NFIB) was mixed but mostly showed that activity was ...

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  By: DOUGLAS A. RILEY, CFA, PORTFOLIO MANAGER As expected, the Federal Reserve cut interest rates by 25 basis points at the September meeting. Conveniently, the annual Employment Revisions Report, released a few days before the meeting, showed a substantial reduction (-9...

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  By: DOUGLAS A. RILEY, CFA, PORTFOLIO MANAGER Probably the biggest takeaway from the recently concluded Jackson Hole economic conference was Fed Chair Jerome Powell all but guaranteeing a cut in the Fed Funds rate at the September 17th Federal Reserve Board meeting. Underpi...

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By: DOUGLAS A. RILEY, CFA, PORTFOLIO MANAGER July was another busy month on the tariff front. The big breakthrough was an agreement with the European Union. Like the “framework” deal with China, which was extended again, details of the EU tariff deal are vague with further ne...

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The tragic losses caused by flooding earlier this month in Texas are heartbreaking, and it may be weeks before these communities can fully assess the destructive impact of this disaster. Knights of Columbus is always prepared to respond when support is requested, providing $30,000 to date to financi...

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JULY 2025 MARKET INSIGHTS By: DOUGLAS A. RILEY, CFA, PORTFOLIO MANAGER What a month June was! So much has happened around the globe that the biggest challenge in writing this month’s Market Insights is picking what to focus on. Technically, the “Big Beautiful Bill” d...

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JUNE 2025 MARKET INSIGHTS By: DOUGLAS A. RILEY, CFA, PORTFOLIO MANAGER Someone recently joked to me that the BBB or “Triple-B”, short for Trump’s “Big Beautiful Bill,” was a forecast for the US’ sovereign credit rating. While that may be extreme, it...

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It’s recess at Cathedral School in Portland, Oregon. Amid the clamor, a first grader with messy black hair climbs haltingly up the slide. At the top, he lifts his hands in jubilation. But his joy is cut short by a ringing bell. The boy plunges down the chute, lands on his feet, and dashes to j...

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