The Surprisingly Strong Macro and Weak Company Issue Last week’s issue was titled “The Surprisingly Weak Macro Issue” due to multiple negative data points on the economy. Consistent with a trend of inconsistent data which DKI has been pointing out since last November, we got multiple positive data points this week combined with some concerning … Read more
This piece was originally published on August 16th, 2023. Earlier this week, we got retail sales data indicating the US consumer continues to spend without pause. Today, we got to see the minutes from the most recent Federal Reserve meeting where they wrote: “With inflation still well above the Committee’s longer-run goal and the labor … Read more
The Surprisingly Weak Macro Issue As we approach the tail-end of 2Q company earnings, the market turned back to focusing on more macro issues, and was immediately “rewarded” by lots of not-so-good news. In this week’s 5 Things, we’ll cover: CPI rose and Core CPI remains sticky. Will the index continue to rise? PPI wasn’t … Read more
Gary Brode talks with Deep Knowledge Investing Board of Advisors member, Mish Shedlock. We discuss: – Predictions for Federal Reserve Rate Hikes – Whether the US in recession right now – A potential BRICS competitor to the dollar as the world’s reserve currency – The real estate market and why commercial and residential are heading … Read more
This piece originally appeared on August 10, 2023. There’s been a lot of hope and enthusiasm in the press and the stock market for a “soft-landing”. The idea is that the Federal Reserve may be able to start to bring down interest rates at just the right time and avoid a recession. Supporting that point … Read more
The Sovereign Debt Explosion Issue This was the most fascinating week I’ve seen in the sovereign debt market in decades. Sovereign debt is just a fancy name for government bonds. Are we looking at the beginning of a multi-country sovereign debt disaster? Plus, the Saudis extend an oil production cut, a government bailout still leads … Read more
This is an excerpt from the DKI July letter: There’s a big argument happening in the financial community right now regarding the status of the dollar as the world’s reserve currency. The BRICS countries (Brazil, Russia, India, China, and South Africa) are expanding their coalition which now includes more than half the population of … Read more
