More Misses Than Beats – No Juice Left In The Kitchen Sink
Investors should expect more negative earnings surprises in 2H23 than usual. The numerous earnings beats in 1H23 were artificially set up when companies...
Homebuilder Sentiment Hits Five-Month Low
TL;DR
Higher interest rates are taking their toll on the housing market, with homebuilder sentiment hitting a five-month low
For investors it’s not...
Could A Government Shutdown Trigger A Recession?
If politicians aren’t able to reach a deal, then the U.S. federal government could shut down on October 1. That might temporarily dent...
The Real Economic Problem Of AI Isn’t Tech But People
With all the discussion and coverage of artificial intelligence, one might think the data, the understanding, the concerns were all understood and available...
Can The Bond Market Cushion The Stock Market Decline?
It was a sell-everything week for the stock market. Once again it was the commentary from Fed Chair Powell, not any action, that...
What Is “Structural” Inflation? Pt 1: A Compelling Case Study
A big question for monetary policy today is whether the current bout of “inflation” is “transitory” – or “structural.”
It is now pretty clear...
For Many, Federal Student Loan Interest Rates Don’t Matter Anymore
Student loan interest rates are a point of contention for many borrowers. And with rates rising over the last few years, some are...
Last Week’s Alarm Bells Are Serious
Last week, the S&P 500 produced multiple warning signs of a coming selloff. Was it what the Federal Reserve said? Likely, not. The...
Summer Grilling Season Ends, But Not The High Price Of Beef
The onset of Autumn and reduced outdoor grilling demand won’t cure currently high beef prices. What’s really needed is more supply, and that’s...
The Rales Brothers: Danaher’s Spinoff Success
The Rales brothers, Steven M. Rales and Mitchell P. Rales, are renowned American businessmen and investors who have left an indelible mark on...
ERC Moratorium – What Does That Mean?
The IRS announced on September 14, 2023 a processing moratorium on new employee retention credit (ERC) claims. This means that it will not...
IRS Announces Game-Changer Group To Catch The 1%
The Internal Revenue Service (IRS) recently announced a major policy shift that could have a huge impact on the wealthiest individuals in the...
Things Lie About Their Identities Just Like People Do
Well, this is ironic, given my last column about the need for “know your employee” processes. Marianna Spring, the BBC’s first disinformation correspondent,...
“Higher For Longer” Will Suffer The Same Fate As “Transitory”
As expected, the Fed “paused” at its September meetings. And while the Fed’s administered rates did not change, the markets interpreted this as...
Germany Calls To Reduce EU ESG Reporting Requirements, More Will Follow
Days after European Commission President Ursula von der Leyen called for a 25% reduction in reporting obligations of small and medium-sized enterprises, Germany...