Both the CPI and the PPI rose from the prior month (again) as DKI predicted. Yet, the Fed is about to cut rates for the third time this year. Just a reminder that we can make money even from bad policy, so make sure your portfolio is prepared for more inflation. The European Central Bank … Read more
The long-awaited moment came late last week when Bitcoin crossed $100k. Being a volatile asset, it’s already crossed that level multiple times in the few days since giving anyone who missed the first crossing ample opportunity to celebrate. Despite being wrong by 100x (10,000%!!!), Peter Schiff @PeterSchiff comes up with a novel excuse for why … Read more
Each time Nvidia $NVDA reports earnings, it’s the most important earnings announcement ever. Results were fantastic, but already incorporated into market expectations leading to little stock reaction. Walmart $WMT and Target $TGT indicate the consumer is shifting to lower-priced retail. It’s yet another indication that consumers prefer a drive for lower prices over a focus … Read more
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
