Market Commentary

March CPI is 3.2%

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This piece was originally published on April 10th, 2024 Overview: Today, we got the March Consumer Price Index (CPI) report which showed an overall increase of 3.5% unadjusted in the last year and 0.4% vs last month. That’s above last month’s 3.2% and expectations of 3.4%. The 0.4% monthly increase annualizes to 4.9%. The Core … Read more

Weekly Points – April 5th, 2024 – 5 Things to Know in Investing This Week – The Shockwave Takeover Issue (Includes video version)

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The Shockwave offer that DKI predicted in December happened this week with Johnson &  Johnson agreeing to pay $335 per share in cash. DKI subscribers celebrated! The PMI came in  hot. Don’t want to read the details? The conclusion is “higher for longer”. More insane calls by “experts” crying for lower interest rates in order … Read more

Weekly Points–March 29th, 2024 – 5 Things to Know in Investing This Week – The Shockwave Issue

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The Personal Consumption Expenditures (PCE) Index is the preferred inflation metric for the Federal Reserve. This month’s report came out during Good Friday when the markets are closed. Within hours, the hawks who favor higher rates and the doves who favor lower rates all claimed the report vindicated their view. We’ll elaborate. Shockwave Medical $SWAV … Read more

DKI Email Hacked – Problem Now Fixed

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Hi All, I’m sorry to report that DKI’s investor relations email account was hacked this morning. This led to many of you receiving a spam message with some nonsense about Elon Musk’s WiFi. The message was not sent by DKI. For the people who alerted me to the problem, thank you very much. I appreciate … Read more

Notes from the Powell Press Conference

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Very little that’s new and of interest from Powell’s press conference. The highlights: – Talked about starting to taper quantitative tightening (QT). Said the plan is to get to the same level, but more slowly. – Lots of talk about the strong employment situation. Regular DKI readers know most new jobs are in government. The … Read more

Weekly Points – March 15th, 2024 – 5 Things to Know in Investing This Week – The Stagflation and Doom Issue

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This wasn’t a good week for the “pivot” people and asset gatherers who have been begging the Federal Reserve for lower rates. We got a higher-than-expected CPI and PPI. Making things worse, the short-term monthly numbers have started to accelerate meaning the disinflation story might be dead for now. Retail sales and manufacturing numbers were … Read more

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