This jibes with recent evidence that the consumer is slowing down:
Tuesday, February 18, 2025
Highlights
This jibes with recent evidence that the consumer is slowing down:
Friday, February 14, 2025
How the Market Sees the Tariff Threat, A Slow Going Fed, and Vibrating Stocks (video)
Once playing, click the icon in the lower right corner for full screen. Focus should occur after a few seconds; if not, click the wheel to the left of the YouTube icon to adjust:
Wednesday, February 12, 2025
Charts, and Thoughts, of the Day
This morning’s reaction to January’s hot CPI number speaks to the somewhat precarious spot markets find themselves in.
As I type:
Friday, February 7, 2025
Quoting Buffett and Considering Scenarios (video)
Once playing, click the icon in the lower right corner for full screen. Focus should occur after a few seconds; if not, click the wheel to the left of the YouTube icon to adjust:
Wednesday, February 5, 2025
Thought and Chart of the Week: Something's Going To Give
I.e., Something’s going to give:
Friday, January 31, 2025
It's Not About the Fed Right Here! (video)
Once playing, click the icon in the lower right corner for full screen. Focus should occur after a few seconds; if not, click the wheel to the left of the YouTube icon to adjust:
Tuesday, January 28, 2025
The "AI Meltdown"
I was thinking this morning that if I didn't know what I think I know about markets, and my experience captured merely the past few months, I'd be convinced that whatever happens on a given day can be expected to be more-often-than-not reversed the very next.
Yesterday, for example, we watched the tech sector suffer -- what I'm sure too many investors deemed to be -- a meltdown; taking the Nasdaq 100 and the S&P 500 down with it... Interestingly, despite somewhat ugly action across our commodities exposures, we didn't feel it much, as places like consumer staples and healthcare saw sharp rallies... Our non-US exposure held up okay (relative to US tech) as well...