The Crisis Issue In this week’s 5 Things we examine a possible government debt default, a possible coming recession, the Federal Reserve’s continuing insistence that we’re not getting a pivot, and the possibility that AI destroys humanity (or at least the stock market). Let’s dive in… 1) Nvidia Earnings Good – Guidance Great ($NVDA) Graphics … Read more
This post originally appeared on May 23, 2023. Introduction: For those of you who don’t follow the daily hyperventilating financial press, the big news during the last few weeks has been the potential debt default by the US government that will roil financial markets, make international trade uncertain, and cause a worldwide recession or worse. … Read more
Newsday is reporting that Nassau County has approved using the site of the Nassau Colosseum for a Las Vegas Sands ($LVS) multi-billion dollar hotel and casino. Sands has been talking about expanding into a new market for years. For a while it looked like Spain was the best option, and then, the company was almost … Read more
The Corporate Earnings Issue Company earnings this week tell us a lot more about the economy and the health of the consumer. The housing market remains largely locked-up with falling transaction volume. Fed Governors now agreeing with DKI. (I know – I didn’t expect to write that either.) Plus, there’s a new stock writeup on … Read more
The Macro Issue (Again) Lots of new macro data this week with less company news. In a trend we’ve been highlighting for 6 months, the data is inconsistent. The good news is whether you’d like to see higher rates, lower rates, a stronger economy, a weaker economy, or a better/worse labor market, there’s something to … Read more
The AI Issue This week we have data and analysis of the latest (and possibly last) Fed hike of this cycle, consistently inconsistent economic data (particularly when it comes to the employment picture), and our continuing disagreement with the market regarding whether Jerome Powell is serious when he says “higher for longer”. However, we think … Read more