Is “Excess Savings” Gone?

2024-05-29T16:11:14+00:00May 29th, 2024|Categories: INVESTMENT|

Executive Summary “Excess savings” is defined as savings above the pre-pandemic trend level. The Federal Government and Federal Reserve through stimulus programs and money printing sent checks directly to citizens during the pandemic. As one can see in the first graph, “excess savings” skyrocketed – as did [...]

Have Consumers Hit Their Limit?

2024-05-15T00:22:41+00:00May 14th, 2024|Categories: INVESTMENT|

Executive Summary High interest rates and inflation have given the consumer pause. The University of Michigan Consumer Sentiment Index plunged 13% last month. The current reading suggests a recession is likely. Consumers, hit with high prices, have cut back on savings and ramped up their use of [...]

Will the Bear Market Continue?

2024-05-07T18:50:26+00:00May 7th, 2024|Categories: INVESTMENT|

Executive Summary After the stock market was down in April, it rose over the last two weeks. The question now is whether the bulls or bears take control of the market in the short term. Last week Fed Chairman Jerome Powell fueled the stock market stating the [...]