I’m getting a lot of questions right now about the overall market. People are noticing some strange trading. This morning, the S&P 500 ($SPY) and the NASDAQ ($QQQ) both opened down, traded back to flattish/up small, then fell in the afternoon ending the day down 1.6% and 1.4% respectively. The whole market is volatile right … Read more
The new CPI was a win for the disinflation crowd as the all-items inflation metric falls to 2.3%. On the other hand, we’ve been above the 2% target for 50 straight months, and I think the target is 2% too high. The market celebrated a temporary tariff truce with China as both sides agree to … Read more
Florida Man kills python by throwing an alligator at it requiring insurance claims on three totaled tricycles? Last week, I let you know I was on a 9-hour train trip from NYC to Pittsburgh to visit my favorite cousin, Robb, and my Great Uncle Herby. Because they wouldn’t let me drive the train, I was … Read more
More than a year ago, I stopped writing about the employment numbers. In some ways, there is nothing more important to the economy than the number of people gaining or losing jobs. The reason I stopped was the “data” was clearly being faked. Month after month, we saw great job growth on the day of … Read more
Leading off the week was the Federal Reserve which took no action and surprised no one. DKI thinks this was the right move. Of greater concern, had they lowered the fed funds rate, we think the yield on the 10-year would have increased. The Fed remains trapped and irrelevant. US oil inventories are down at … Read more
authID ($AUID) announced earnings after the close today. The press release read better than prior versions and the call was much better than recent ones. Let’s go through the details. Revenue of just under $300k was almost double 1Q last year and reversed a two-quarter trend of declines. Operating expenses were down a bit … Read more
