One Giant Leap?

One Giant Leap? After last week’s biotech update, it only seems fair to do the same with the other half of the Palumbo Emerging Growth Portfolio. This week we provide an update on the Portfolio’s emerging technology side, which includes in AI, robotics, and Web 3.0. The comments below reference discussions with Marc Weiss, Co-Founder […]
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2024 Year-End Tax Tips

2024 Year-End Tax Tips Here are some things to consider as you weigh potential tax moves between now and the end of the year. 1. Defer income to next year Consider opportunities to defer income to 2025, particularly if you think you may be in a lower tax bracket then. For example, you may be […]
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Bio… The Other Technology

Bio… The Other Technology As a background, earlier this year, Palumbo Wealth Management (“Palumbo”) announced the formation of our Palumbo Emerging Growth Portfolio. We built a portfolio of public companies within the emerging technology and biomedical technology sectors. Our belief is that we are at the beginning of new wave of long-term technology megatrends that […]
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Can the American Dream Be Fixed?

Can the American Dream be Fixed? Back in February of 2023, we wrote about the housing affordability problem. Unfortunately, the situation has failed to improve and we are seeing more policy prescriptions to ‘fix’ the housing market. Will they work? History suggests that they will not. Markets need to re-balance and that will take time. […]
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The Verdict

The Verdict Last week we mentioned the Wall Street adage ‘buy the rumor, sell the news’ and wondered how markets would react to the first rate cut. The answer still isn’t clear. On Wednesday, the market swung wildly right after the 50 bps rate cut was announced. That is typical right after a Fed announcement, […]
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Going Down

Going Down Next week is the big Fed rate cut decision, so this was the last week of data to influence that decision. In our view, the data this week was not bad enough to call for a 50 basis point cut (bps are basis points and a basis point is 1/100 of a percent) […]
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Here We Go Again

Here We Go Again It was just a month ago when weak nonfarm payroll data was released and markets swooned. It wasn’t the only reason; the unwind of the Yen carry trade also had an impact, but the nonfarm payrolls (NFP) number rekindled growth concerns, albeit briefly. Since then Fed Chair Powell has shifted the […]
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