Strong Economic Data Disappoints the “Pivot People” This week is the “Fed Edition” of the 5 Things. All the economic data that came out this week made a Fed pivot to lower interest rates less likely and further in the future. We also congratulate DKI Intern, Dylan Kogan, who did the heavy lifting on this … Read more
This post originally appeared on February 24, 2023 Introduction: This is Part II of a multi-part piece. Part I is available here. There is a lot of talk on FinTwit (financial Twitter) that the Federal Reserve has access to more data than we do. The implication is that because they have all of this information, … Read more
CPI High, PPI High, Retail Sales High, Fed Threatening Faster Rate Increases It was a rough week for the “pivot” people as economic data including inflation comes in above expectations. The Fed is threatening faster rate increases. One day, the Fed will pivot to lower rates, but we’re not there yet. If you don’t follow … Read more
Macro, More from Macau, and AI There was more macro news this week and the Federal Reserve continues to be the one key thing driving the market. Macau is fully open. We’re nearing the end of earnings season. I’d also like to take a moment to congratulate DKI Intern, Dylan Kogan who wrote a … Read more
This post originally appeared on February 16, 2023 Mark Rossano and I predicted the problems at the Bank of Japan two months before they capitulated and raised rates. The New York Alternative Investment Roundtable hosted us today to see what we thought has changed since then. You can see the whole video here: https://ny-alt.org/2023/02/15/nyair-episode-90-has-the-forecast-changed/ … Read more
I’ve made a couple of changes to the energy positions. For an updated version for subscribers, please check here: https://deepknowledgeinvesting.com/current-recommendations/
