Tuesday’s market meltdown of -4% off a bad CPI print warrants both comment and context. Here goes. Since 1950, the market has gone down -4% in a single day 53 times. That’s... read more →
Economic demand destruction well underway The excessive monetary and fiscal stimulus of 2021 led to a demand spike that resulted in an inflation spike. Financial conditions have been getting tighter over... read more →
A few quick takeaways from this morning’s payroll report: Non-farm payroll for August 2022 grew by +315,000, right in line with the +318,000 estimate. It’s actually an aberration that it... read more →
It’s a fabulous Tuesday morning. Schools in Maryland have opened, and the weather is starting to moderate. Now, we need inflation to follow! On that front, good news continues to... read more →
Over the past 8 months, financial conditions have tightened a lot. Interest rates higher, mortgage rates higher, and a stronger USD are all symptomatic of tighter financial conditions. The Fed sees... read more →
The Fed convenes later this week at Jackson Hole for their annual meeting/retreat/gathering/etc. Agenda looks like Wednesday night dinner, Thursday all day academic session on economic white papers, and Fed... read more →
Higher interest rates and tighter financial conditions are clearly now impacting demand. It took 3-4 months to take effect, but the combination of those two things is doing what the... read more →
While the excessive money printing and fiscal stimulus of 2021 is the primary cause of above trend/pronounced inflation, it’s the Fed’s lack of action in early 2022 with regards to... read more →
Succession planning is an important piece of practice management for independent advisors, and it is an issue many advisors are facing – or will be in the near future. Simple... read more →
When we quote investor “sentiment”, there’s three big data points we look at: the put/call ratio, the bull/bear ratio, and what’s going on within the Bank of America Fund Managers... read more →
