China as a Catalyst | October 29, 2022

China as a Catalyst This week’s headline could easily be construed as a commentary on the potential for an armed conflict, but in this case, we are on a completely different track. With the economic situation in the States appearing increasingly dire (weakening economy, high inflation, massive debt, & higher interest rates) it is rather […]
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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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Trees Don’t Grow to the Sky | October 1, 2022

Trees Don’t Grow to the Sky We lead off this week with a confession. What follows is not original. We are paraphrasing a terrific report that came from the Federal Reserve earlier this month, titled “The coming long-run slowdown in corporate profit growth and stock returns”. The report very clearly highlights the longer-term impact of […]
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CNBC Worldwide Exchange Interview | September 30, 2022

Palumbo: We’re likely going to see a profits recession in this current market environment. Please Click Here to listen to today’s interview with PWM’s CEO and CIO, Philip Palumbo, as he joins CNBC’s Worldwide Exchange to discuss the current market environment and the possibility of a profits recession in the coming year. Highlights and topics of discussion […]
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Sheltered from the Storm | September 24, 2022

Sheltered from the Storm The bear market rally in July and August had many people hopeful, but that rally has now disappeared and we are essentially back at the June lows on the S&P 500. All this has happened as the Fed has consistently raised interest rates to address inflation, which has sent the bond […]
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