Pay No Attention to the Man Behind the Curtain! It was a roller coaster of a ride for stocks this week, punctuated by a 5.5% gain on Thursday for the S&P 500. We are not yet back in Kansas – the largest one-day gains are typically registered in bear markets. It will take more than […]
Why A Recession Now May Mitigate Higher Long-Term Inflation Later The Federal Reserve is facing some critical decisions that will likely dictate the direction and pace of the economy over the next several years. Our view of the optimal scenario is where the Fed taps the economic brakes just enough to snuff out persistent inflation, […]
Embracing Risk After operating in an environment where risks were clearly backstopped by the Federal Reserve. For investors, the world we have known for at least the last 13 years was on course for a fundamental change. The message that investors should be hearing loud and clear is that that there are risks that can’t […]
WARNING! Use Extreme Caution! “After two years of ‘up, up, up’ this must be a great time to be an advisor – it just doesn’t get much easier than this!” This theme was more common than expected as we exchanged holiday wishes with friends and clients. The reality is just the opposite. This environment is […]
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Palumbo Wealth Management is a CLIENT-FIRST, private wealth management boutique firm focused on serving the financial needs of a select group of families and individuals as their personal chief financial officer (CFO). The hallmark of Palumbo Wealth Management is PARTNERING TO ACHIEVE PEACE OF MIND.