Lots of Nvidia $NVDA news this week as the world’s best AI chipmaker takes a $5.5B charge due to export restrictions to China. The company has also begun production of their best chips on US soil and intends to get to half a trillion dollars of domestically-produced product in the next few years. Fed Chairman, … Read more
The big news of the week was President Trump delaying tariff implementation for 90 days, a possibility I outlined for DKI subscribers the previous Sunday. Tariffs remain in place for China which responded with public insults and by increasing their own tariffs. They threatened to watch fewer Hollywood films, something I expect is of zero … Read more
Overview: Today, we got the March Consumer Price Index (CPI) report which showed an overall increase of 2.4% for the last year and -0.1% for the month. That’s a big decrease from last month’s 2.8%, below expectations of 2.5%, and the monthly number represents deflation. Small deflation, but it’s in the right direction. The Core … Read more
DKI has been warning about a weak private sector for more than a year, but consumers kept spending down their savings and taking on more debt. Recent data indicates we might be reaching the end-point of that practice as debt peaks and sales are weak. The Federal Housing Administration appears to be paying the mortgages … Read more
The Federal Reserve concluded its March meeting and surprised no one by keeping the fed funds rate unchanged. Let’s go through the details: As I type this, Jerome Powell is delivering his prepared remarks at his press conference and reiterated his typical language of being “data driven”. He’s also talking about a higher-than-usual level … Read more
Overview: Today, we got the February Consumer Price Index (CPI) report which showed an overall increase of 2.8% for the last year and 0.2% for the month (annualizes to 2.4%). That’s below last month’s 3.0% and above the prior month’s 2.9%. Both the annual number and the monthly were 0.1% below expectations. The monthly was … Read more
Nvidia $NVDA has a great quarter, but the stock was priced for perfection. Still, Jensen Huang had some interesting comments on DeepSeek. There are rumors that Microsoft $MSFT is cancelling data center leases…but the big tech firms all just confirmed higher AI spending for 2025. The January PCE falls, but it won’t be enough to … Read more
Overview: Today, we got the January Consumer Price Index (CPI) report which showed an overall increase of 3.0% for the last year and 0.5% for the month (annualizes to 6.2%). That’s above last month’s 2.9% and above the prior month’s 2.7%. The annual number was 0.1% above expectations. The monthly was a large 0.2% above … Read more
President Trump and his team are energetically remaking both the Federal government and our trade relationships. The pace of change has been incredible, and depending on your political preferences, you’re either thrilled or appalled. As always, we’ll try to bring you a clear view on policy and leave the politics to others. As I write … Read more
