Relief Valve

Relief Valve A pressure relief valve is a safety device that automatically releases excess pressure in a system when it exceeds a predetermined level, preventing potential damage or catastrophic failure. While a relief valve is a critical safety feature, it is not designed  to solve the underlying problem creating the excess pressure. What we have […]
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Here We Go Again

Here We Go Again It was just a month ago when weak nonfarm payroll data was released and markets swooned. It wasn’t the only reason; the unwind of the Yen carry trade also had an impact, but the nonfarm payrolls (NFP) number rekindled growth concerns, albeit briefly. Since then Fed Chair Powell has shifted the […]
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Turning Point

Turning Point In Friday’s speech at the Jackson Hole Economic Symposium, Fed Chair Powell confirmed what the stock market has been anticipating – it is time to adjust monetary policy, that is, lower interest rates. By the time the first cut is made in September, it will have been almost a year since the Fed […]
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WWBD?

WWBD? The stock market appears at a cross-roads. On one hand, many believe that we are about to stick the soft landing, in which case, late cycle stocks, energy, materials, health care, and consumer staples, should be bought because these sectors have historically done well in the late cycle. On the other hand, others worry […]
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Now What?

Now What? We seem to have averted disaster from Japan, at least for a while, but the tide may have turned on the Tech rally. It’s been an interesting two week, to say the least. The stock market can’t seem to make up its mind whether it wants to continue the rally or take a […]
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Flip the Script

Flip the Script In the words of Ron Burgundy (“Anchorman”): “Boy, that escalated quickly. I mean that really got out of hand fast.” The soft-landing theme was fun while it lasted, but that script got flipped in a hurry by a series of weaker than expected economic data. The ISM (Institute fro Supply Management) manufacturing […]
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Not So Fast!

Not So Fast! The rate cut train was building momentum when a strong 2Q GDP report hit and stopped that train in its tracks. The stock market was already on edge as the early earnings reports, including the tech sector, have either not been up to par, or simply failed to impress. The earnings bar […]
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