AI Ascendancy

AI Ascendancy From an economic perspective, the promise of artificial intelligence has been the ability to increase productivity following a decade or more of very low productivity growth. What is productivity? Productivity is critical to economic growth because it allows the economy to produce more goods and services with the same, or even less, resources. […]
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War, Trump & Investing

War, Trump & Investing The S&P Index broke through a key technical support level on Thursday this week, dipping below the 200 day moving average, and down about 5% from the peak. That break was confirmed by an ugly Friday, as traders clearly did not want to go home long over the weekend. At the […]
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Binary Outcomes

Binary Outcomes Energy markets, particularly oil, have produced some of the great supply and demand lessons that feed our understanding of economics. This one is no different. My first lesson came in the early 1970’s when I could only buy gas on odd numbered days (because my license plate ended in an odd number). I […]
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The Most Important Word in Economics

The Most Important Word in Economics You don’t read about it much, but productivity is the beating heart of the economy. We all have a sense of our own productivity each day, but we often fail to appreciate what productivity means to an economy. Productivity is what defines our standard of living, so productivity growth […]
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Beyond the Mag 7: Emerging Growth Strategy Presentation | Palumbo Wealth Management

Watch the full presentation from Palumbo Wealth Management’s Beyond the Mag 7 event here, held on January 21 at North Hills Country Club. This exclusive session explores our Emerging Growth Strategy, a disciplined, research-driven approach to identifying the next generation of market leaders in technology and biotechnology. During the event, attendees learned how a focus […]
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The Economy, AI & the Future of Jobs | Veneta Dimitrova & Philip Palumbo

Click Here to view our Podcast. What’s really happening in the economy, and how will AI reshape the future of work? Phil sits down with Veneta Dimitrova, Senior US Economist at Ned Davis Research, to unpack the biggest forces driving markets today, from GDP growth and government stimulus to productivity, labor trends, and the real impact […]
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Target Practice

Target Practice The narrative surrounding Artificial Intelligence has shifted from growth opportunity to disruption fear. While 2024 and 2025 focused on the “AI winners” providing infrastructure, early 2026 has been defined by a sharp selloff in companies perceived as vulnerable to disruption by the rapid evolution of AI. Recently, the stock market has experienced some […]
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