Bloomberg Interview – Palumbo Wealth on Global Markets | September 10, 2023

Palumbo Wealth on Global Markets | Bloomberg Interview Philip Palumbo, CEO and CIO at Palumbo Wealth, discusses his outlook and investment strategies for global markets. He speaks with Haidi Stroud-Watts and Vonnie Quinn on “Bloomberg Daybreak: Asia.” (Source: Bloomberg) Palumbo Wealth Management (PWM) is a registered investment advisor. Advisory services are only offered to clients […]
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Can’t Live With Them, Can’t Live Without Them

Can’t Live With Them, Can’t Live Without Them The topic here is hydrocarbons. Oil prices are creating the latest market conundrum. West Texas Intermediate is approaching the $90 level and is up double digits over the last couple of weeks. One might think that is bullish for the economy (better economy = more demand = […]
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EV’s Running Out of Customers? We’ve Seen This Movie Before!

EV’s Running Out of Customers? We’ve Seen This Movie Before! The title this week was prompted by a headline on Business Insider ”EVs are running out of customers — and some dealers don’t want them anymore”. Not long ago, this headline seemed unfathomable. The move toward green tech seemed unstoppable, and EV demand seemed insatiable, […]
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Watch Out for Student Loan Repayment Scams

Watch Out for Student Loan Repayment Scams This past June, the Supreme Court struck down President Biden’s plan to cancel up to $20,000 in federal student loan debt for qualified borrowers. As a result, millions of student loan borrowers are scheduled to start paying back their loans in October after a three-and-a-half-year reprieve. Fraudsters and […]
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No Surprises

No Surprises The Fed meeting in Jackson Hole continues as this is written, but Chair Powell’s comments on Friday morning, the ‘highlight’ of the confab, were no surprise. Chair Powell reiterated that the inflation target is 2%, not 3% as some on Wall St. have speculated, and with rates at or near restrictive territory, any […]
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Making Ends Meet

Making Ends Meet Many market pundits are predicting that inflation will stabilize at a higher rate than the 2% Fed target. The rationale is that as inflation comes down, the Fed does not want to force inflation to 2% and risk a bad recession. As a result, Inflation is more likely to level off around […]
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