This piece was originally published on September 20th, 2023. The Federal Reserve completed their September meeting and as expected, kept the fed funds rate unchanged. The “surprise” was in the dot plot. The dot plot is where each Fed Governor indicates where they expect rates to be at various points in the future. It further … Read more
When I started Deep Knowledge Investing, I received a lot of questions about the number of ideas subscribers would get. In 2020, there were a ton of them as we played the recovery trade. We bought cruise lines, casinos, banks, and other stocks that had gotten crushed during the Covid lockdowns. The next year we … Read more
Normally, I don’t provide updates on daily market action, but there’s something important happening today. Saudi Arabia and Russia have extended production cuts for several additional months. The US has tried to buy a tiny amount of oil to begin to replenish the strategic petroleum reserve (SPR), but that keeps pushing oil prices higher. Oil … Read more
I’m pleased to provide a guest post from Ryan Sullivan. Ryan began his career as an engineer, and recently started his own financial advisory practice. In my conversations with him, I was impressed with his knowledge of investing and his desire to try to help his clients outperform. Many financial planners spend all of their … Read more
This piece was originally published on August 25th, 2023. Fed Chairman, Jerome Powell, spoke in Jackson Hole today. Here are my notes on the speech with some additional commentary: Quickly said there’s a “long way to go” to get inflation under control. (DKI: He’s telling investors the “pivot” to lower rates isn’t coming anytime soon.) … Read more
How to Use the Current Recommendations Page One of my favorite parts of running Deep Knowledge Investing is the interactions I have with our subscribers. I tend to get thoughtful questions that serve as a guide for how I can better communicate investment ideas to the community here. A new subscriber had some questions … Read more
This post originally appeared on April 24, 2023. Introduction: DKI has been writing about the danger to the dollar as the world’s reserve currency for over a year and on more than a dozen occasions. From a piece we published earlier this month: Most notably, I gave an hour-long lecture at the Institute for World … Read more