Is There Really a Santa Claus?

Is There Really a Santa Claus? Wednesday was one of those amazing days with the S&P 500 index rising 3% for the day! The bull must be back, right? Not so fast… We’ve said this a few times in the past, but we’ll say it again. The best days in stock market history have occurred […]
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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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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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