The Red Zone

The Red Zone For those that are not football fans, the red zone is the area inside the 20 yard line, where the team is close to scoring a touchdown. When the red zone is reached, the defense is defending a much smaller area on the field, which presents a greater challenge for the offense. […]
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Is the Yield Curve Signaling a Recession?

Is the Yield Curve Signaling a Recession? Long-term bonds generally provide higher yields than short-term bonds, because investors demand higher returns to compensate for the risk of lending money over a longer period.  Occasionally, however, this relationship flips, and investors are willing to accept lower yields in return for the relative safety of longer-term bonds. […]
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Bit by Bit

Bit by Bit Our past comments about Bitcoin have centered on the theme that crypto is not ready for prime time. While we may have looked a little naïve as bitcoin shot up to almost $70,000, we look a bit more prescient now. FTX, a leading crypto exchange, has filed for bankruptcy, and the collateral […]
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Coasting (Further) Down the Mountain | November 5, 2022

Coasting (Further) Down the Mountain The intention this week was to let the market know what it essentially already knew – that this would be the last 0.75% rate increase and that the Fed would begin to slow rate increases. Wednesday’s FOMC Statement was perceived as dovish and immediately sent stocks higher. The presser had […]
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Wall Street Forecasting | Philip Palumbo

Wall Street Forecasting | Philip Palumbo In today’s video, Phil Palumbo speaks about forecasting Wall Street. Please Click Here to view.   Palumbo Wealth Management (PWM) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where PWM and its representatives are properly licensed or exempt from licensure. For additional […]
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Good News is Good News is Bad News | August 13, 2022

Good News is Good News is Bad News A lower-than-expected CPI report for July (8.5% vs 8.7% expected) had markets rallying in expectation of interest rates quickly coming back. But stronger markets make the Fed’s job more difficult, potentially leading to more rate increases than expected. It is unlikely that would be received well by […]
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Searching for Goldilocks | July 9, 2022

Searching for Goldilocks Watching the stock market these days is very easy, but also very frustrating. Good news is bad news and vice versa. Case in point was Friday’s employment report. Nonfarm payrolls increased by 372,000 in June, well above the 250,000 Street estimate and the unemployment rate remained at 3.6%. What was the reaction […]
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