Picks and Shovels

Picks and Shovels The 1848 discovery of gold at Sutter’s Mill in Coloma, California resulted in several hundred thousand prospectors rushing to strike it rich during the California Gold Rush. For most, the dream of riches remained just that, as most prospectors had little to show for their efforts. However, you did not have to […]
READ POST

Wherever You Go, There You Are

Wherever You Go, There You Are The market is expert at making prognosticators look foolish. Great Depression-era economist John Maynard Keynes, the primary architect of modern economics, once said “Markets can remain irrational longer than you can remain solvent”. It essentially means that the market has a mind of its own. It is more than […]
READ POST

Liquidity

Liquidity Liquidity is one of the most confusing words in finance. The fact that it has multiple meanings, depending on the topic at hand, certainly doesn’t help matters. While we prefer to avoid that word, this is one of those times when it is unavoidable. In this case, liquidity is the amount of money sloshing […]
READ POST

“There will be time enough for countin’ when the dealin’s done”

“There will be time enough for countin’ when the dealin’s done”1 Many people view the stock market as more gambling than investing, which is easy to understand as the market seems to constantly have unpredictable gyrations both up and down. If you want to gamble on the stock market, you certainly can, and many people […]
READ POST

Sugar High? | July 30, 2022

Sugar High? The stock market rallied as the Fed said we have reached the neutral rate. Markets are already anticipating a reversal of rate increases as stocks and bonds rallied. It’s as if the recession has been cancelled, or maybe it’s over before we knew it was here. But the Fed emphasized that it is […]
READ POST

Sleeping With the Enemy | February 26, 2022

Sleeping With the Enemy The U.S. and Europe are now beginning to pay the price for their inability, or unwillingness, to recognize the growing dependence of Western economies on political adversaries. The economic connections between Russia and the U.S. and EU have complicated the situation and have skewed sanctions to the weakside thus far. Sanctions […]
READ POST

CNBC Worldwide Exchange Interview | February 17, 2022

CNBC Worldwide Exchange Interview Palumbo: This is ultimately going to be a year of “sell the rip” instead of “buy the dip”. Please Click Here to view the interview.   Palumbo Wealth Management (PWM) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where PWM and its representatives are […]
READ POST