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Market Commentary
Weekly Points – August 23rd, 2024 – 5 Things to Know in Investing This Week – The Uranium Market is Out of Balance Issue
The week started with political proposals that will lead to production cuts and a reduced food supply. In the middle of the week, DKI released its new health care stock idea. Subscribers are already up around 20% in the name. The week ended with uranium production cuts and Fed Chairman, Powell, indicating the expected September … Read more
The Week in Preview
Overview: With the end of summer here and the markets closed next Monday, we’re expecting a slow news week with many market participants taking off mid-week for an extended holiday. As a result, we may choose to skip the 5 Things this week and pick that up the following week. Instead, I’ll provide you with … Read more
Weekly Points – August 16th, 2024 – 5 Things to Know in Investing This Week – The Disinflation Issue
The big news this week was the lower-than-expected CPI and PPI figures for July. While expectations for a September 50bp (0.5%) rate cut by the Fed changes on a daily basis, DKI agrees with current consensus that we’ll see a 25bp cut next month. We believe that’s premature and unwise, but still think that’s what’s … Read more
July CPI is 2.9% – Breaks 3-Handle
Overview: Today, we got the July Consumer Price Index (CPI) report which showed an overall increase of 2.9% for the last year and 0.2% for the month. That’s below last month’s 3.0% and expectations of 3.0%. The 0.2% monthly increase was in line with the 0.2% expected, and a bigger increase vs last month’s -0.1%. … Read more
Weekly Points – August 9th, 2024 – 5 Things to Know in Investing This Week – The We Don’t Have Your Data Issue
At the same time the Bank of Japan caused panic and traders began to unwind the carry trade, something DKI has been talking about since October of 2022, multiple retail trading platforms failed. It might be a good time to hedge your portfolio, or have some assets outside the financial system (or both). Last week, … Read more
July PPI is Below Expectations
The PPI stands for Producer Price Index. The reason it’s important as a measure of inflation, is generally, producers see an increase in prices first. When those producers pass on price increases to consumers, we then see that as inflation reflected in a higher CPI (consumer price index) or PCE (personal consumption expenditures). I’ve been … Read more
Weekly Points – August 2nd, 2024 – 5 Things to Know in Investing This Week – The #Trump #Bitcoin Issue
President Trump talks about Bitcoin and he and some other politicians call for a strategic Bitcoin reserve. Plus, we have another week of tech stock obliteration. It’s not that earnings were bad; but rather, that expectations and valuations were so high. Intel $INTC is the exception. Their earnings report was bad. We also have lots … Read more
DKI Featured in S&P Global Market Intelligence Article
I’d like to thank Brian Scheid of S&P Global Market Intelligence for quoting me in today’s article titled Magnificent 7 stocks stumble, boosting peak views. What do you think – was it the Fed, missed earnings, or AI spending that sent these stocks down? https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/magnificent-7-stocks-stumble-boosting-peak-views-82765994
Federal Reserve Meeting Commentary
The Federal Reserve completed its July meeting today. As usual, they put out a press release and Chairman Powell had a press conference. A few bullet points to understand the situation: – The Fed kept rates unchanged for now. This was expected. – The language surrounding employment gains, the unemployment rate, and inflation was softened … Read more
