How Long? How Bad? | June 18, 2022

How Long? How Bad? As we have stated numerous times, we are faced with a menu of bad options. After 20+ years of ever-increasing, Fed-induced, financial largesse, inflation has turned the tables and we face the inevitable reversal of that largesse. There are no good options. The Fed will remain optimistic to the end, but […]
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SNAP Judgement | May 28, 2022

SNAP Judgment After reporting slightly disappointing earnings on April 21, just over a month later, on May 23, SNAP, Inc. (owner of social media app SnapChat – ask your kids if you are not familiar) had this to say: “Since we issued guidance on April 21, 2022, the macroeconomic environment has deteriorated further and faster […]
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CNBC Worldwide Exchange Interview | February 17, 2022

CNBC Worldwide Exchange Interview Palumbo: This is ultimately going to be a year of “sell the rip” instead of “buy the dip”. Please Click Here to view the interview.   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 […]
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CPI Hits 7.5% : What it Means to Us… | February 12, 2022

CPI Hits 7.5% – What It Means to Us… Headline CPI for January surprised on the upside registering 7.5% vs. expectations of 7.3%. What makes it more of a surprise is that the day before, the ‘whisper number’ was that CPI would come in below expectations. The cause of the higher number is a scheduled […]
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Refinitiv Newscasts: Trading at Noon | February 9, 2022

Refinitiv Newscasts: Trading at Noon Podcast Please Click Here to listen to Philip Palumbo, Founder, CEO, and CIO of Palumbo Wealth Management as he weighs in on tech stocks and upbeat earnings that have lifted Wall Street.   Palumbo Wealth Management (PWM) is a registered investment advisor. Advisory services are only offered to clients or […]
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