What Will the Fed Do?

2025-08-26T18:30:21+00:00August 26th, 2025|Categories: INVESTMENT|

Executive Summary Last Friday, Fed Chair Jerome Powell spoke at the now infamous Jackson Hole meeting. In The Details below are excerpts from his talk. However, the markets only appeared to care about the following quote: “…the baseline outlook and the shifting balance of risks may warrant [...]

How Fast Can Speculators Reach the Exit?

2025-08-13T15:47:13+00:00August 13th, 2025|Categories: INVESTMENT|

Executive Summary Once again stock prices are pushing record levels. In recent years, investors have seen how the Magnificent 7 have driven up markets. Now, in the first graph, one can see how technology stocks as a share if the market have reached Dot-Com levels. The Schiller [...]

Is the Data Reliable?

2025-08-05T16:59:42+00:00August 5th, 2025|Categories: INVESTMENT|

Executive Summary In this week’s missive, I follow up on the GDP report released after last week’s issue and then cover the employment numbers from last week. The first graph shows the surge in imports in the first quarter (frontrunning tariffs) reversed in the second quarter. The [...]