— Latest 12 months wholesale price inflation ran 11% … Walmart and Target have big 2Q earnings misses …Oops! — Retail demand does not seem to be the problem — In a market where computers and ETFs have no discernment everything goes on sale. — Retail may be uniquely advantaged when it comes to thriving in an inflationary environment. —…
Should Biotech Be On The Critical List?
— In a little over a year the market has gone from sell ‘old economy’, companies that make something and earn money, to sell companies that don’t make things and earn money. — We are now at the stage where nobody cares … don’t buy anything whether it makes makes ‘things’ or money. Irrational pessimism on the tech/innovator sector…
Trying to figure out this market?
–If this market has you confused or fearful, join the club –A look backward may help — The battle of the Covid19 ‘haves’ and ‘have nots’ plays out. — leaping to the right conclusions is essential … my post tries to clear the fog. This might help The following is a reprint of a post…
The New Narrative: Buy Stocks of Profitable Companies?
— To expand the theme, “Buy stocks of profitable companies that make ‘things’ and return profit to shareholders.” (Jim Cramer) — In the face of speculation about a 50 basis point move on rates at the May FOMC meeting (followed by another 75 bips in June) the market is telling us we should not buy…
Fed Obsession–A Gigantic Waste of Time!
— Fed Obsession, much of it is media-inspired with little in the way of real perspective … their conclusion is always negative. — Inflation is today’s monster issue. Since fiscal restraint has become a lost art it is up to the Fed to slay that dragon all by itself. — The trigger yesterday were comments by Fed Governor,…
CORRECTION — to previous post, “Fed Governors weigh in …”
Mr Waller is a current governor on the Federal Reserve Board. Mr. Bullard is the Current President of the St.Louis Fed. He is a voting member of the FOMC. The earlier version of my post was incorrect and stating that they were both governors.
Fed Speakers Weigh In: Good Policy or Grandstanding?
— Seems like everybody wants to get into the act … St. Louis Fed President Bullard and Fed Governor Waller call for stronger measures to fight inflation. — Though we value free speech, should the Fed speak with one voice when it comes to monetary policy? — Are opinions and forecasts based on the “dismal science” of…
Bitcoin: Safe Haven or Inflation Hedge?
— Point/Counterpoint from Brian Kelly (inflation hedge) and Coin Desk’s Emily Parker (safe haven). — A third possible answer … maybe neither. — Revisiting an old friend, AerCap Holdings N.V. (AER), not a safe haven short term but a store of value and inflation hedge long term. The Great Bitcoin Debate In the clips I’ve attached “Fast…
Bubbles and Bear Markets: One size does not fit all!
— The Tech and Innovation bubble has burst — Investors heavily involved in this space are definitely in a bear market (a narrow bear market). — Cathie Wood for the defense — Words of wisdom from Morgan Stanley …Caveat Emptor — Parting thoughts The tech and innovation bubble has burst There is no question about it. A proxy…
Inflation and War Talk … Sawing Sawdust Again
— Media fright fest … This week they turned up the volume on old news, sawing sawdust again. — Inflation … Should it really be making us and the market crazy? — War in Eastern Europe … What’s the impact on iPhone demand? Media Fright fest If I were the head of a major media empire last…