Weekly Market Pulse: What Did He Say?
Coming into last week's FOMC meeting, Jerome Powell was expected to be hawkish. I know that because numerous articles in the financial press told me so which makes me wonder if the articles themselves affected [...]
Weekly Market Pulse: Be Careful What You Wish For
Be careful what you wish for lest it come true! - Various of Aesop's Fables Shinzo Abe was elected to a second term as Japanese Prime Minister in 2012 and launched his three arrows plan [...]
Weekly Market Pulse: Situation Normal
Is this normal? I haven't made any money in like two years. - Question from a recent acquaintance upon hearing what I do for a living Let's get this out of the way quickly. The [...]
Weekly Market Pulse: Are Higher Interest Rates Good For The Economy?
Interest rates surged last week on the back of a hotter-than-expected inflation report that wasn't actually that bad (see below). Not that my - or your - opinion about these things matters all that much [...]
Market Morsel: Cash And Carry
Total bank credit (blue line) vs Nominal GDP (red line) and Real GDP (green line). A lot of "analysts" were saying that the big drop in the year over year change in credit was pointing [...]
Weekly Market Pulse: A New Paradigm?
Markets year to date have been a lot more interesting in the details than the headlines you get in the financial media. The narrative has focused almost exclusively on Artificial Intelligence and the stocks benefitting [...]
Weekly Market Pulse: Don’t Just Do Something, Sit There
The first quarter of 2024 is in the books and the US economy and markets continue to defy expectations, which coming into this year were that growth and inflation would both moderate and the Fed [...]
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