Given this week’s unsurprising data (to us at least), we expect interest rate increases to continue with additional 0.50 or even 0.75% increase(s) because the Fed needs the economy growth to shrink by slowing or recessing and so far that has not occurred. The target inflation rate is 2% and the current inflation rate is […]
One night, your son borrows your car to go out with friends. While speeding down a road, he loses control—killing one passenger and seriously injuring two others. What would happen to your finances if you’re sued by the families of the victims? Or what if your dog is provoked by a stranger on your property […]
We like to follow personal consumption, business investment, and home building, combined, which is called our “core” GDP. The problem is that although overall real GDP increased at a 2.6% annual rate in Q3, “core” GDP rose at a meager 0.1% pace. That’s a growth rate in core GDP that we usually see just before, […]
Here is a quick rundown of the latest econ releases and across the board something positive could be noted. The manufacturing sector continued to expand with ten of eighteen industries reporting growth. The best news was that the new orders index rose out of contraction territory, hitting 51.3 in August after two consecutive readings below […]
A quick note to update you on our broader strategy and tactics. When you hear economic news and have any questions – please send over a note, text or call me. Happy to address it or run down the answer. A critical thing you should know – we have a plan and are watching data […]
The Dow Jones Industrial Average fell more than 1,000 points on Friday, caused apparently by Fed Chairman Jerome Powell’s attempt to use a brief speech to channel the ghost of Paul Volcker regarding how to manage inflation. Obviously, this was part of the market’s worries, but the stage was set when the Biden Administration announced […]
Thanks to medical technology advances, we’re living longer and in better health than ever. Some experts—like Harvard University Professor of Genetics David Sinclair, author of Lifespan: Why We Age—And Why We Don’t Have To—even proffer that “there is no biological limit, no law that says we must die at a certain age.” That tremendously exciting […]
Here are the headlines from the latest inflation report. The attachment from Brian Westbury covers the issue in greater detail. Here is what I would want to know if I was you… When you hear people say, “Ya, but gasoline prices have retreated and they are not included so inflation numbers are actually much better.” […]
With the S&P 500 flirting with bear market territory, headlines are proclaiming a recession is priced in. But at what probability? If we look to valuations on the S&P 500, even after a decline of 14% from its high. it seems to us far from a foregone conclusion that a recession is impending. The current […]
One of the best things you can do when managing wealth is to be extremely clear on what you’re looking to accomplish and what hurdles stand—or could stand—in your way. Why? Success—in investing, in business, in life—rarely happens by accident. When you’re clear-eyed about where you want to go and what could get in your […]