GDP was revised down, but is still at a high level due largely to massive Congressional overspending. FedEx provides a warning about future demand which is then confirmed by November’s PCE data. The Philly Fed shows a massive decline in new orders. Even retail powerhouse, Nike ($NKE) had a bad quarter and gave disappointing forward … Read more
Hi All, While I travel extensively, I haven’t taken two days off in a row since starting DKI four years ago. All of us need a chance to rest and recharge and doing so will leave me in a better position to be effective going into 2024. I’m going to take off a couple of … Read more
For two years, Wall Street pundits and asset gatherers have been screaming for the Fed to pivot to lower interest rates. Unsurprisingly, they make more money when asset prices are high. They were doing this even as the CPI was approaching double digits and when real inflation was approaching 20%. This week, Fed Chairman, Jerome … Read more
Gary Brode of Deep Knowledge Investing and Robb Fahrion of Flying V Group discuss the 5 Things to Know in Investing This Week: The Pivot Issue This week, we’ll address the following topics: – The Powell pivot. This week he delivered a different message. It’s different this time? Yes, it is. – The CPI: Still … Read more
Yesterday, I let you know I sold the December 15th $LVS options. Let’s go through the details. The reason for putting on the position was I expected $LVS to report excellent 3Q results, Macau to report excellent October and November gross gaming revenue (GGR), and for Sands to return more capital to shareholders. All of … Read more
