The Week Head | 8/29/2022
Chair Powell’s Jackson Hole speech lasted around 8 minutes, and in it, he delivered a more straightforward message with less opportunity for mistakes in interpretation. In short, interest rates will…
The Week Ahead | 8/22/2022
Caution: Don’t Be Fooled By The Stock Market • We are concerned about the direction that company earnings will take. We’re seeing a shift in consumer spending and a stalling…
The Week Ahead | 8/15/2022
The best news the US economy has seen in a long time came from June’s inflation statistics. Both the Consumer Price Index (CPI) and Producer Price Indexes (PPI) recorded better-than-expected…
The Week Ahead | 8/8/2022
Despite some encouraging signs, the economy is still not humming. The unemployment rate remains close to a 50-year low, but the Treasury yield curve is inverted and Federal Reserve officials…
What’s Next for Equity Markets?
The stock market is undergoing quite a rip higher. While this bear market bounce was not unexpected, the steep trajectory of the bounce and its extent did catch us on…
The Week Ahead | 8/1/2022
The month of July has been a splendid month for investors. The fed funds futures market is pricing in another 100 basis points of rate hikes for the remainder of…
It Just Doesn’t Matter
There is a famous scene in the comedy movie “Meatballs” when the great Bill Murray preaches to his colleagues and fellow campers who face overwhelming odds that everything they confront…
The Week Ahead | 7/25/2022
The first half of 2022 was the worst first half of a year for the S&P 500 since 1970! There were a lot of factors contributing to that dour start.…
Close a Couple of Trades (IBM, TLT)
Sometimes trades hit their mark before options expiration. Sometimes it seems like the thesis will not play out as planned.
The Week Ahead | 7/18/2022
The Hot Zone There is a light economic calendar this week, but guess what, it is earning season again. Global Spotlight Italy’s political crisis continues. Prime Minister Mario Draghi will address…