It’s a Hawkish Skip and a Warning That Congress Will Ignore
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May CPI is 4.0%
Overview: Today, we got the May Consumer Price Index (CPI) report. It showed an overall increase of 4.0% in the last year and .1% vs last month. The core CPI which excludes food and energy was up 5.3% for the last year and up .4% from last month. The market is encouraged by the decrease … Read more
5 Things to Know in Investing This Week – June 9th, 2023
The Real Estate Issue Commercial real estate is collapsing while home prices have remained relatively stable. Want to know how and why? We have you covered. Plus, there’s more Chinese data threatening a global slowdown and US consumers continue to spend even though it means running up more credit card debt. What do higher credit … Read more
What Does the Surge in Consumer Credit Say About the Economy?
I’m pleased to announce that this week, acclaimed economics writer, Mish Shedlock, has joined the Deep Knowledge Investing Board of Advisors. Mish is a great thinker, detailed researcher, and clear writer. He’s offered DKI readers this guest post detailing the recent increase in consumer credit usage. His commentary on the beginning of a decline in … Read more
5 Things to Know in Investing This Week – June 2nd, 2023
The Inconsistent Data Issue DKI has been writing about inconsistent economic data since last November. We’re now seeing the ISM, PMI, goods and discretionary purchases all showing weakness. Lumber is down but housing prices haven’t crashed yet despite higher financing costs. Services and employment data all showing strength. Don’t know what all of those things … Read more
Revisiting the Insurance Companies Again
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Portfolio Update – Position Closed – Huge Return
Hi All, In late March, I let subscribers know I was buying $ENVA $40 strike calls for June 16 expiration. Full details and explanation of my thinking here: https://deepknowledgeinvesting.com/new-portfolio-position/. Enova stock rose as expected, and the value of the options rose as well. With just over two weeks to go to expiration, I sold the … Read more
5 Things to Know in Investing This Week – May 26th, 2023
The Crisis Issue In this week’s 5 Things we examine a possible government debt default, a possible coming recession, the Federal Reserve’s continuing insistence that we’re not getting a pivot, and the possibility that AI destroys humanity (or at least the stock market). Let’s dive in… 1) Nvidia Earnings Good – Guidance Great ($NVDA) Graphics … Read more
The Debt Ceiling – Nonsense, Misdirection, and Lies
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
Nassau County Approves Las Vegas Sands Casino
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
