Weekly Points – July 5th, 2024 – 5 Things to Know in Investing This Week – The British are Coming Issue

On the day that the United States celebrated declaring independence from the British, the UK elected a new Labor government. Is this a coincidence – definitely yes! Bitcoin falls on temporary trading issues. Hodlers shrug and don’t panic. DKI approves and sides with the hodlers. Chairman Powell comments on inflation and appears determined not to … Read more

Weekly Points – June 21st, 2024 – 5 Things to Know in Investing This Week – The Taylor Swift is Responsible for Inflation Issue

Yet another government agency revises its projections. This seems to be a weekly thing these days. Anyone want to guess which direction the revisions headed? The Bank of England disappoints UK doves and holds rates steady. DKI thinks it’s all Taylor Swift’s fault. GameStop $GME management combined with Roaring Kitty’s memes have been great for … Read more

Weekly Points – June 14th, 2024 – 5 Things to Know in Investing This Week – The Fed Has No Idea What It’s Doing Issue

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

June Fed Meeting

The Federal Reserve completed its June meeting, and kept the fed funds rate unchanged. Your bullet points ahead of Chairman Powell’s 2:30PM press conference.   The fed funds rate remains unchanged at 5.25% – 5.50%. Earlier this year, most market participants expected the Fed to cut by either the January meeting or the March one. … Read more

May CPI is 3.3%

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

Weekly Points – May 17th, 2024 – 5 Things to Know in Investing This Week – The Let’s Look at the Data Issue

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

April CPI is 3.4%

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

April PPI Above Expectations

The PPI is the producer price index, and is a measure of wholesale prices. In general, higher producer prices make their way into higher consumer prices. The April PPI was up 0.5% from last month which was much higher than the 0.3% expected. It also reversed the direction of last month’s decline. The yearly PPI … Read more

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