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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Cheddar News Interview at the NYSE | October 26, 2022

Investment Opportunities in a Volatile Stock Market | Cheddar News Philip Palumbo, Founder, CEO and Chief Investment Officer at Palumbo Wealth Management, joined Closing Bell’s Kristen Scholer on set at the NYSE to talk recent trading action, and preview what’s ahead for markets as investors await yet another interest rate hike from the Federal Reserve. […]
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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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A Cross to Bear | October 15, 2022

A Cross to Bear Investors have navigated a difficult market all year and the third quarter was no exception. All major indices ended the quarter in bear market territory with the S&P 500, Dow and Nasdaq declining 5.3%, 6.7%, and 4.1%, respectively, from July to September. With the dollar strengthening and the global economy slowing, […]
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Coasting Down the Mountain | October 8, 2022

Coasting Down the Mountain While you probably don’t read the financial news every day, if you did, I suspect that by this point you would be surmising that the Fed is a bunch of bumbling idiots. I’m here to tell you that they are not. They are incredibly bright individuals that probably have too much […]
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