The US economy was supposed to be in recession by now, right? The yield curve inverted almost a year ago and a slew of other reliable recession indicators have been flashing red for some time. Why not this time? Could the unprecedented response to COVID be to blame? Joe Calhoun connects the dots in the 7th issue of Follow the Money, [...]
*This week's Market Pulse will be a short one, as Joe is on a well-deserved weekend getaway. This market rally from the lows of October 2022 continues to surprise and impress. It started off as a very narrow rally where a few big tech names were pushing the S&P 500 higher, but there is much more participation now. This stock [...]
Industrial Production turns negative. Disclaimer: This information is presented for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy any investment products. None of the information herein constitutes an investment recommendation, investment advice or an investment outlook. The opinions and conclusions contained in this report are those of the individual [...]
The US economy was supposed to be in recession by now, right? The yield curve inverted almost a year ago and a slew of other reliable recession indicators have been flashing red for some time. Why not this time? Could the unprecedented response to COVID be to blame? Joe Calhoun connects the dots in the 7th issue of Follow the Money, [...]
A few weeks ago, it appeared to me that stocks were starting a correction. I was clearly wrong about that as the S&P 500 and NASDAQ have moved higher since then and the rally has broadened out. And thank goodness since the things I own are mostly the parts of the market that benefitted from the broadening. Stocks tend to [...]
I spend a lot of time asking questions. I don't always have answers to these questions but I think it is critical to ask them. Think about how the consensus might be wrong or, more importantly, how you might be. Question the narrative and try to determine what's important and what's not, who you can ignore, and who merits your [...]
The US economy was supposed to be in recession by now, right? The yield curve inverted almost a year ago and a slew of other reliable recession indicators have been flashing red for some time. Why not this time? Could the unprecedented response to COVID be to blame? Joe Calhoun connects the dots in the 7th issue of Follow the Money, [...]
Why aren't we in recession yet? That's a question that has been asked often over the last year but with no real satisfying answer. I have my own beliefs on the subject, rooted in the distortions of COVID. (You can read about it in my latest Follow The Money piece) I think my explanation is a pretty good one but even [...]
The first half of the year is over and despite a few bank failures and three more rate hikes by the Fed, stocks and bonds both managed to produce gains in the first six months of 2023. Growth stocks were the big winners as the market for most of the first half was trying to price in rate cuts before [...]
It appears we have started the third correction in stocks since the bottom in October of last year. The first one was in December and saw the S&P 500 fall about 8% from peak to trough. The second one was from February into mid-March and totaled about 9%. I don't know how far this one might carry but a pullback [...]
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