Negotiations on the debt limit are heating up in Washington. What implications may it have? In our view, negotiations are mostly political posturing by both sides trying to gauge the likelihood that the “other side” will ultimately be blamed from bad things that may or may not happen as a result of not raising the […]
Et Tu Brute
After the Fed’s rate hike, regional bank executives must feel the same betrayal Julius Caesar did when murdered by his most trusted confidant. What is next for the banking crisis?
Bank Run: Silicon Valley Bank Goes Under
Today, Silicon Valley Bank became the second largest bank failure in US history. What happened and what does it mean going forward?
Recession Risks Remain High
Despite recent market strength, recession risks remain elevated. What does the data say?
Major economic data is in direct conflict with an equity market that has improved recently.
Thanksgiving Appetizer Report
Just wanted to provide a quick update as everyone prepares for the holiday week. We’ll send out a more detailed report next week. Big Picture Markets have remained calm after the massive gain two weeks ago following a milder than expected inflation number. Earnings for the most part have been better than feared. Markets are […]
Are We There Yet?
We’ve all been there. (At least those of us with kids have been.) The start of a long road trip. Everyone is excited to get going. Then you get 8 minutes into an 11-hour drive, and you hear the famous words emanate from the backseat…”Are we there yet?” We’ve all been through bear markets too. […]
Don’t Fight the Fed
The Federal Reserve met today and increased rates by 0.75%. After a volatile trading session, stocks finished down almost 2%. When might the Fed be done raising rates?