Market Commentary

Macau Gaming is Strong, Fed Struggles to Slow Economy Outside Real Estate, And More Crypto Fallout Lots of varied news this week. Again, we congratulate DKI Intern, Dylan Kogan. Every week his contribution to the “5 Things” grows. Fantastic to see a college student become a meaningful contributor. 1) Macau’s GGR Exceeds Expectations: Macau’s gross … Read more

Strong Economic Data Disappoints the “Pivot People” This week is the “Fed Edition” of the 5 Things. All the economic data that came out this week made a Fed pivot to lower interest rates less likely and further in the future. We also congratulate DKI Intern, Dylan Kogan, who did the heavy lifting on this … Read more

CPI High, PPI High, Retail Sales High, Fed Threatening Faster Rate Increases It was a rough week for the “pivot” people as economic data including inflation comes in above expectations. The Fed is threatening faster rate increases. One day, the Fed will pivot to lower rates, but we’re not there yet. If you don’t follow … Read more

Macro, More from Macau, and AI There was more macro news this week and the Federal Reserve continues to be the one key thing driving the market. Macau is fully open. We’re nearing the end of earnings season.   I’d also like to take a moment to congratulate DKI Intern, Dylan Kogan who wrote a … Read more