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
Overview: Today, we got the July Consumer Price Index (CPI) report which showed an overall increase of 2.9% for the last year and 0.2% for the month. That’s below last month’s 3.0% and expectations of 3.0%. The 0.2% monthly increase was in line with the 0.2% expected, and a bigger increase vs last month’s -0.1%. … Read more
At the same time the Bank of Japan caused panic and traders began to unwind the carry trade, something DKI has been talking about since October of 2022, multiple retail trading platforms failed. It might be a good time to hedge your portfolio, or have some assets outside the financial system (or both). Last week, … 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
This piece was originally published on July 11th, 2024 Overview: Today, we got the June Consumer Price Index (CPI) report which showed an overall increase of 3.0% unadjusted in the last year and DOWN 0.1% vs last month. That’s below last month’s 3.3% and expectations of 3.1%. The 0.1% monthly decrease was below the 0.1% … Read more
I wish I were making this up, but Jerome Powell actually acknowledged the Fed doesn’t have high confidence in its own forecasts. In fairness, we don’t have confidence in their forecasts either. DKI pointed that out in a recent monthly letter where we detailed how inaccurate even near-term Fed forecasts have been. Past that, there … Read more
This piece was originally published on June 12th, 2024 Overview: Today, we got the May Consumer Price Index (CPI) report which showed an overall increase of 3.3% unadjusted in the last year and 0.2% vs last month. That’s slightly below last month’s 3.4% and expectations of 3.4%. The 0.2% monthly increase was below the 0.3% … Read more
DKI stock pick, AuthID, announces 1Q revenue almost as high as all of 2023. Guidance indicates they expect quarterly revenue to double this year. They still need to announce new contracts, but the year is off to an excellent start. Lyn Alden @LynAldenContact makes a brilliant point explaining fiscal dominance. DKI illustrated the Fed’s dilemma … Read more
This piece was originally published on May 15th, 2024 Overview: Today, we got the April Consumer Price Index (CPI) report which showed an overall increase of 3.4% unadjusted in the last year and 0.3% vs last month. That’s slightly below last month’s 3.5% and in-line with expectations of 3.4%. The 0.3% monthly increase was below … Read more
This week, we released the DKI report on AuthID in public and explain the use cases for biometric security. The stock has some near-term catalysts, and the full report is available on the DKI website. DKI Intern, Andrew Brown, brings up the complicated issue of whether the government should interfere in free markets to “help” … Read more
