Month: January 2024
Federal Reserve Shocks Market by Doing Exactly What They Said They’d Do
The Federal Reserve concluded its January meeting by deciding to keep the fed funds rate unchanged. There have been times in the last couple of months where the market put a 60% – 70% probability of a January rate cut. DKI has insisted all along that while we’ve hit the terminal rate (the highest fed … Read more
Weekly Points – January 26th, 2024 – 5 Things to Know in Investing This Week – The Super-Duper Inconsistent Data Issue
Every week in January, we’ve been pointing out the inconsistencies we see in macro-economic data. The trend becomes even more pronounced this week with contradictory insight on the economy being provided by the GDP report, the Fed’s preferred inflation metric, and the purchasing manager’s index. The results are so confusing that commentary by S&P Global … Read more
5 Things to Know – Video Version – The Super-Duper Inconsistent Data Issue
Gary Brode of Deep Knowledge Investing and Robb Fahrion of Flying V Group discuss the 5 Things to Know in Investing This Week: The More Inconsistent Data Issue This week, we’ll address the following topics: 4Q GDP appears to indicate the economy is in great shape. Do you believe that? We’re skeptical. The PCE is … Read more
A Good Miss – The Idea Where We Didn’t Invest
As Deep Knowledge Investing has grown its individual subscribers, we’ve done more on the topic of investor education. I thought it would be interesting for you to find out about an investment we didn’t make and why. In late 2021/early 2022, I took a look at Fiverr ($FVRR). The company is an online marketplace … Read more
4Q ’23 GDP is Excellent – Sort of…
The first estimate of 4Q GDP came out this morning. Growth of 3.3% was well above expectations of 2%. As usual, we’ll go through a couple of adjustments. DKI adjusts for change in private inventories because it reflects inventory stocking or de-stocking as opposed to actual economic activity. 4Q inventory additions were only .07% which … Read more
