It Don’t Come Easy

It Don’t Come Easy We’ve been concerned that the Street’s view of AI has been a bit ‘one-sided’, that is, looking only at the benefits, and not focusing on the costs. That may have come to an end this week as AI had its first collision with reality when Meta offered weaker Q2 revenue guidance […]
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The Good, The Bad and The Ugly

Bet You Didn’t Know With all the attention on the stock market, we bet you didn’t know that over the last 5 years, gold has outperformed the S&P 500! The recent very strong performance of gold is very unusual. What’s driving this unusual occurrence?  We see it as: The Good, The Bad and the Ugly […]
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Choppy Waters

Choppy Waters After an amazing melt up since last November, the stock market has become choppy lately. When that happens, there is typically a ‘push-pull’ occurring that has the market uncertain of its next direction. In this case, the push higher is based on a growing economy and the presumably strong earnings that will bring. […]
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The Boy That Cried Wolf

The Boy That Cried Wolf Something has been on our minds for a long time, and we have occasionally danced around the issue on these pages, but we always feared being “the boy that cried wolf”. Those fears are unfortunately subsiding. Why the change? Mostly because financial luminaries are now beginning to make their voices […]
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The Future of AI and Healthcare Innovation

The Future of AI and Healthcare Innovation Back in late January, Palumbo Wealth Management sponsored our AI/Biotech Summit. We’re thrilled that many of you were able to attend. But for those that were unable to attend, here is your chance to get the scoop. This week we present the video of the Summit. Capitalism is based […]
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Lower is the New Higher

Lower is the New Higher A funny thing happened on the way to lower rates… Fed projections went up, not down. Wall Street was focused on the Fed’s median for 2024 projection, which was unchanged at three 0.25% rate cuts this year. But the economic gurus at the Fed took away one rate cut in […]
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Gold is Money, Everything Else is Credit.

Gold is Money, Everything Else is Credit. Gold’s traditional role in portfolios is as a haven in times of stress or perceived high risk on a shorter-term basis and longer term as an insurance policy against a decline in the value of the dollar. Gold’s recent run is interesting because it has come in the […]
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