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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Nothing to See Here… Move Along…

To be honest, we’re getting pretty tired of dealing with market fireworks every time the Fed provides a hint of what they are going to do next. Traders are logically obsessed, but investors need not be dragged into this obsession. This week was a perfect example. The market twitched wildly to the perception of a […]
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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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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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