Feb 24, 2023
In lieu of our 3-year
anniversary episode, we decided to form some sort of market outlook
for this year. Since we've started, inflation has gotten out of
control, markets have been unbelievably volatile, and the Fed is
now functioning more like a popularity contest rather than a
central bank. However, the constant...
Feb 17, 2023
Jobs report, check. Inflation
report, check. Retail sales, check. Three key pieces of economic
data for the month of January came out over the past week and all
of those signs point to a strong economy; meaning inflation has not
cooled at all. Now, hindsight 20/20, the 25 bps hike last meeting
now seems weak and...
Feb 9, 2023
The Jobs report on Friday proved
that the Fed has a lot more room to tighten monetary policy even
more. The only thing we now need to see is the CPI report that
conveniently comes out on Valentines Day. Additionally, Lebanon
felt the appropriate move for their country is to devalue their
currency by 90%. Why would they...
Feb 3, 2023
Well,
450 basis points later and the Fed has not been able to control
inflation...especially in chicken/egg prices (although it would be
cool if the Fed had a tool in their arsenal to increase chicken &
egg supply). But in all seriousness, in the biggest earnings week
of the first quarter, the markets also decided to...