Tariffs Return with a Vengeance

Tariffs Return with a Vengeance? The stock market, which had been merrily rolling along since the tariff issues subsided in April, was jolted on Friday by President Trump’s threat of ‘massive’ tariff increases on China. What had appeared resolved with China, albeit temporarily, is back in the forefront. On Truth Social, the President wrote: “Some […]
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Deal, or No Deal?

Deal or No Deal? As far as the stock market is concerned, it is a deal, and that created a massive short squeeze that drove the stock market higher, smashing through technical resistance with the S&P 500 now trading above both the 50-day and 200-day moving averages. The uncertainty that paralyzed markets in April appears […]
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Brass Tacks

Brass Tacks One of the more difficult things about investing in a Trump Administration is the constant state of distraction. It is all too easy to get caught up in day-to-day antics and lose perspective of the stuff that will really matter in the long run. It’s a constant battle. This week, we want to […]
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The China Challenge to U.S. Biopharma

The China Challenge to U.S. Biopharma Marc Pentopoulos, of Vista Point Capital, who manages the biotech portion of the Palumbo Emerging Growth strategy, published what we think is an important report discussing the evolution of Chinese competition with the biopharma industry. Here is a summary of his comments: Chinese biotech companies have largely caught up […]
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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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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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China Syndrome

The China Syndrome The economic news out of China is going from bad to worse. The world continues to bet on massive government stimulus, but it never seems to happen. Could a melt-down be coming? (For you non-movie buffs, China Syndrome is a 1979 movie about a nuclear meltdown, that amazingly was released a mere […]
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