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Will Investors Ignore What Is Under the Hood?
Executive Summary Markets have been reacting significantly on every news headline regarding the Russian/Ukrainian war. The sanctions and supply disruptions could last [...]
Can the Fed Fight Stagflation?
Executive Summary As discussed in previous newsletters, economic growth is slowing. The Atlanta Fed GDPNow model reduced the first quarter GDP growth [...]
Is the Economy Slowing?
Executive Summary The current real GDP estimate from the Atlanta Fed’s GDPNow model for first quarter 2022 is 0.6%, which is a [...]
Has Multiple Expansion Turned into Multiple Contraction?
Executive Summary Multiple expansion means investors pay more per dollar of corporate earnings for a share of stock. The opposite would be [...]
Is the Fed Behind the Curve?
Executive Summary The Federal Reserve Bank (Fed) has two mandates: maximum employment and stable prices. However, their addition of a third unwritten [...]
Will the Potemkin Village Be Revealed?
Executive Summary Last week U.S. Federal debt surpassed $30 trillion! While notable, the more alarming fact is the rate of change since [...]
Has a New Bear Market Begun?
Executive Summary For the month-to-date period ending January 24, 2022, the stock market indices have retreated from their highs while the Vix [...]
What is the Fed’s Dilemma?
Executive Summary In 2008 to combat the Great Recession, the Fed instituted a new program called Quantitative Easing (QE) in which they [...]
What is Under the Hood of the Stock Market?
Executive Summary Former chief stock market analyst at Merrill Lynch, Bob Farrell, developed 10 timeless rules for investing which are listed below. [...]