— Fed week this week and the ritual continues. — Armageddon continues on hold rebuffed by continuing good economic and earnings reports. — A few words about inflation — If you believe the Fed’s rhetoric the 10-year US treasury note near 5% yield is the deal of the decade. I composed this piece on the weekend. Even with…
Tag: Scott Grannis
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…
If you think our current inflationary bump is just a hiccup, I’ve got a bridge for sale!
— There is mounting evidence that the current bump in inflation is just the beginning of a longer-term trend toward higher prices. — Higher labor costs, insourcing to secure our supply chain and exogenous pressures on raw materials will be the main culprits. — The media will have a field day since this supposed bad…
“Strange ‘disconnect’ in the market is raising a red flag …”
Actually, the full quote is, “Strange ‘disconnect’ in the market is raising a red flag for one market watcher.” The watcher is Matt Maley, equity strategist at Miller Tabak + Co, LLC. The quote comes from a report early this morning on CNBC, renowned oracle of Wall Street. Maley’s issue with the the market and…
Dow 22,000!–The Brave New Market
You may have noticed recently a total absence of kortsession posts. The reasons are twofold: one, it is hard to argue after the run we’ve had that a correction or even a cyclical bear market market might not be in the offing (it’s even got me doubting after years of bullish thought process on this…