The Employment Issue Lots of interesting news this week where we address these important questions: Is the labor market cooling as quickly as some believe? How long can housing prices continue to rise? Is the trend towards services spending and away from goods continuing? Will anyone be able to get a job next year? Is … Read more
The R-star and Shoplifting Issue Lots of interesting news this week where we address these important questions: Jerome Powell is again more hawkish than the market expected or hoped. Rates to 6%? More bank downgrades. One bank index shows no shareholder value creation in 25 years. Nvidia ($NVDA) has a fantastic quarter and the stock … Read more
I’m pleased to provide a guest post from Ryan Sullivan. Ryan began his career as an engineer, and recently started his own financial advisory practice. In my conversations with him, I was impressed with his knowledge of investing and his desire to try to help his clients outperform. Many financial planners spend all of their … Read more
I was pleased to be the guest host for last week’s episode of The Last Trade. We discussed Sovereign debt problems, the dangers of holding only fiat, gold, energy, and Bitcoin. Check it out here:
This piece was originally published on August 25th, 2023. Fed Chairman, Jerome Powell, spoke in Jackson Hole today. Here are my notes on the speech with some additional commentary: Quickly said there’s a “long way to go” to get inflation under control. (DKI: He’s telling investors the “pivot” to lower rates isn’t coming anytime soon.) … Read more
The Surprisingly Strong Macro and Weak Company Issue Last week’s issue was titled “The Surprisingly Weak Macro Issue” due to multiple negative data points on the economy. Consistent with a trend of inconsistent data which DKI has been pointing out since last November, we got multiple positive data points this week combined with some concerning … Read more
This piece was originally published on August 16th, 2023. Earlier this week, we got retail sales data indicating the US consumer continues to spend without pause. Today, we got to see the minutes from the most recent Federal Reserve meeting where they wrote: “With inflation still well above the Committee’s longer-run goal and the labor … Read more
The Surprisingly Weak Macro Issue As we approach the tail-end of 2Q company earnings, the market turned back to focusing on more macro issues, and was immediately “rewarded” by lots of not-so-good news. In this week’s 5 Things, we’ll cover: CPI rose and Core CPI remains sticky. Will the index continue to rise? PPI wasn’t … Read more
