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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Bloomberg Interview – Where is The Recession? | August 9, 2023

Where is The Recession? | Bloomberg Interview On August 9th 2023 I was invited on to Bloomberg where I discussed how the market has performed in 2023 so far and where I think it is heading. One question I wonder about is why a recession hasn’t happened yet? Why was the 2023 recession delayed? We […]
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CNBC Worldwide Exchange Interview | June 23, 2023

India is an ‘absolute long-term story,’ says wealth management firm | CNBC Worldwide Exchange Interview Philip Palumbo of Palumbo Wealth Management explains why he prefers the Indian market to the Chinese one.   Palumbo Wealth Management (PWM) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where PWM and […]
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Open Door Policy

Open Door Policy China’s Zero-Covid policy could not last forever, but the suddenness of the reversal was unexpected. China’s doors are opened once again. The initial reaction is one of optimism for global economic growth, but hurdles remain. If we have learned anything about Covid, it is that once released, it spreads quickly. The Lunar […]
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What Do You Think?

What Do You Think? Our inboxes are full of market and economy projections for 2023, most of which are completely worthless. In early December, 2021, Reuters ran a story with this opening line: “The S&P 500 will gain 7.5% between now and the end of 2022 to finish at 4,910, driven by earnings and economic […]
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What Does a Strong Dollar Mean for the US Economy?

What Does a Strong Dollar Mean for the U.S. Economy? In late September 2022, the U.S. dollar hit  a 20-year high in an index that measures  its value against six major currencies: the euro, the Japanese yen, the British pound, the Canadian dollar, the Swedish krona, and the Swiss franc. At the same time, a […]
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