— It was a bit surprising to see the market rally into the Fed confab in Jackson Hole — Powell’s speech contained nothing that had not been said before and the “pain” that he is referring to is already being felt in certain inflated sectors. — Is a two percent long-rage inflation goal realistic /…
Tag: inflation
Are The Sellers Exhausted?
— When has being a seller into a well-anticipated event with negative implications for the market ever made any sense? — We have had 42 days full of hand-wringing and negative media to contemplate the July 27 Fed meeting … a for me the market has priced this in. — After all the higher rates, inflation, recession talk and extremely…
Should we be greedy?
— What is a “Ponzi”? — What just happened? A contrarian view of the first half 2022 — It’s the 1970’s all over again or is it?– A view from someone who lived every day of it as an investment professional — Investors continue to stare into the rearview mirror. “Recency bias” has never been a road to…
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…
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,…
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…
Growth and Innovation: The Bloom Is off The Rose
— When you see the carnage in growth/tech/inovation it is easy to jump to wrong conclusions – DON’T! — The ARKK fund becomes the poster child for the unwinding of the bifurcated market — The negatives that face the market … the economy, Covid Omicron, the Fed, Inflation, Russia and China … Are they insurmountable? — Growth vs. Value. The…