Treasury Secretary, Janet Yellen speaking in public typically leads to her accidentally saying things out loud that confirm the fears of her critics. At the same time, the Bitcoin bears who celebrated a small decrease in the dollar price of Bitcoin last month have gone into hibernation causing quiet in my Twitter/X feed. I believe … Read more
Gary Brode of Deep Knowledge Investing and Robb Fahrion of Flying V Group discuss the 5 Things to Know in Investing This Week: The Silly People Saying Silly Things Issue This week, we’ll address the following topics: -Janet Yellen says the quiet part out loud and accidentally ruins the narrative. She is the Marie Antoinette … Read more
The Federal Reserve surprised the market by leaving the fed funds rate unchanged and indicating its not inclined to lower at the next meeting in March. The market was disappointed, but a better-than-expected manufacturing index with higher-than-expected pricing plus a seemingly hot labor market support the Fed’s decision. There was huge growth in jobs, but … Read more
This week, we’ll address the following topics: Jerome Powell and the Federal Reserve shocks the market by doing exactly what they said they’d do. Manufacturing PMI shows further decline, but still better than expected. Prices up a lot. The employment picture is again better than expected. Does this mean “higher for longer”? Saudi Arabia stops … Read more
Every week in January, we’ve been pointing out the inconsistencies we see in macro-economic data. The trend becomes even more pronounced this week with contradictory insight on the economy being provided by the GDP report, the Fed’s preferred inflation metric, and the purchasing manager’s index. The results are so confusing that commentary by S&P Global … Read more
Gary Brode of Deep Knowledge Investing and Robb Fahrion of Flying V Group discuss the 5 Things to Know in Investing This Week: The More Inconsistent Data Issue This week, we’ll address the following topics: 4Q GDP appears to indicate the economy is in great shape. Do you believe that? We’re skeptical. The PCE is … Read more
Like last week, we’re seeing more inconsistent data. The retail sales number indicates a strong economy and a “higher for longer” Federal Reserve. The new manufacturing data indicates a weakening economy and a “pivot now” Fed. The most likely result is the Fed doing nothing for now. Taiwan Semiconductor ($TSM) guidance moves the market. And … Read more
Gary Brode of Deep Knowledge Investing and Robb Fahrion of Flying V Group discuss the 5 Things to Know in Investing This Week: The More Inconsistent Data Issue This week, we’ll address the following topics: – Retail sales better than expected. Does this mean “higher for longer”? – Empire State Manufacturing Index is a disaster. … Read more
After years of dragging its feet and losing an important Court case, the SEC finally approved 11 Bitcoin ETFs. Along the way, it managed to accidentally pre-announce the approvals three different ways, then withdrew all of them. Finally, the head of the SEC made it clear he disagreed with the decision of his own agency … Read more
Gary Brode of Deep Knowledge Investing and Robb Fahrion of Flying V Group discuss the 5 Things to Know in Investing This Week: The Bitcoin ETF Issue This week, we’ll address the following topics: 11 Bitcoin ETFs Approved. To the moon? The SEC drags its feet, complains about its own decision, then has multiple leaks. … Read more
