Weekly Points – September 27th, 2024 – 5 Things to Know in Investing This Week – The Government is Trying to Control too Much Issue
The theme in the markets this week was all about increasing government control of the economy and the money supply. The Chinese government poured liquidity into their banking and housing sectors causing equity markets all over the world to rise. There’s new evidence that the government intentionally and unnecessarily killed Silvergate bank. We explain why … Read more
Weekly Points – September 20th, 2024 – 5 Things to Know in Investing This Week – The We Pivoted Bigly Issue
Years ago, President Trump talked about a change in tax rates that he described as “big league”. It was misinterpreted as “bigly” and a new word entered the lexicon. Last week, the Fed pivoted and cut the fed funds rate. This cut was more than two years after Fed doves and asset gatherers started begging … Read more
The Fed Pivot is Here
Overview: The Federal Reserve completed its September meeting and decided to cut the fed funds rate by 50bp (.5%). Significant items: The market knew the Fed would pivot and cut at this meeting. There was substantial debate regarding the size of the cut. I had expected 25bp (.25%). The doves in the crowd calling … Read more