All In

All In The Big Beautiful Bill is a very big economic bet. We will leave the dissection of the bill and the various pros and cons and who wins and who loses to others. The big economic picture is that in order for debt relative ro GDP to decline, GDP growth needs to outpace growth […]
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Tick-Tock

Tick-Tock Tariff concerns went out the window as geopolitical turmoil took center stage. That may now be reversing. In just 11 days (July 9), the 90-day pause on reciprocal tariffs—which was the catalyst for the second quarter rally—theoretically ends. As you may recall, Liberation Day 1.0 was very unpleasant, will Liberation Day 2.0 be different? […]
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Bad Moon Rising

Bad Moon Rising Economist Herbert Stein, who was chairman of the Council of Economic Advisers under Richard Nixon and Gerald Ford, is quoted as saying “If something cannot go on forever, it will stop.” For better or worse, it appears the Iranian nuclear program has reached that point. It has always been U.S. and Israeli […]
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Ball of Confusion

Ball of Confusion While driving and listening to oldies this week, the Temptations’ 1970 hit “Ball of Confusion” came on. All I could think was how fitting that song is for today! It’s always frustrating for forecasters to stare at counterbalancing indicators when trying to assess market direction. While the weight of these indicators tends […]
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Is Your 401(k) Going Digital?

Is Your 401(k) Going Digital? It might be. The pro-crypto Trump Administration has rescinded Biden-era guidance to employers to exercise “extreme caution” when considering the addition of cryptocurrencies, including meme coins and NFTs (non-fungible tokens), within 401(k) retirement plans. Most private retirement plans are regulated by the Department of Labor and have a history of […]
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“The Big Beautiful Bill?”: A Summary

“The Big Beautiful Bill?”: A Summary We hope everyone has a nice Memorial Day weekend! In this week’s Weekly Pulse, we have published a summary of the “Big Beautiful Bill” recently passed by the House of Representatives for your review. We feel it is valuable to see a summary “without spin”, which we suspect may […]
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Deal, or No Deal?

Deal or No Deal? As far as the stock market is concerned, it is a deal, and that created a massive short squeeze that drove the stock market higher, smashing through technical resistance with the S&P 500 now trading above both the 50-day and 200-day moving averages. The uncertainty that paralyzed markets in April appears […]
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