A while back, we tried to transition to more stock-related “Things” for this piece. Then, we get a week like this one where all the news is macro and inflation. We’re nothing if not flexible so that’s what we have this week. Inflation indexes come in above expectations and above last month. DKI warned the … Read more
The polls have been inaccurate for the past three US Presidential elections. Knowing that, DKI was watching Bitcoin, the prediction markets, and a few other select stocks and economic markers to see that a Trump landslide was coming long before the network announcers could do so. Could we get a sound money advocate as Federal … Read more
All summer and fall, we saw market analysts claim the Fed won the war on inflation. This week, the Core PCE remained stubbornly high. Some claim we’re heading for stagflation. We should pay attention to that warning. 3Q GDP came in below last quarter. Even worse, this economic “growth” is really value-destroying government spending pushing … Read more
We’ve now entered earnings season. Las Vegas Sands $LVS misses the headline numbers, but looking a bit deeper, it was a great quarter. Starbucks $SBUX misses badly. DKI thinks they’re focused on too many things that don’t affect the customer experience. Paul Tudor Jones and Stanley Druckenmiller are avoiding owning bonds joining DKI in our … Read more
Most of this week’s 5 Things relates to government mismanagement of the economy. We draw two conclusions. First, the government should involve itself in less of the economy. Second, we should have called this “The Government is Mismanaging Things Edition”. One month after DKI told you the Fed cut rates too soon, the Core CPI … Read more
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 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
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
This was a fascinating week featuring political shifts, increased market volatility, and a week-long drop in the stock prices of the mega-cap tech leaders that have been supporting the equity market indexes the past couple of years. This week, we’re focused on higher retail sales and wondering if anything will slow the consumer. Higher jobless … Read more
When I was growing up in the Detroit area, the Zoo there did a famous commercial where the animals were getting ready to go “on stage” for the opening. At one point, all the monkeys ran to the right encouraged by one in the front saying “Ok guys, this way”. Then, all the monkeys ran … Read more
