An Alternative View of the World | December 11, 2021

An Alternative View of the World The consensus view on Wall Street is that the Fed is dovish and economic growth is robust and both will remain so. That view is supportive of additional stock market gains in 2022. We’ve been around long enough to know that the consensus never sees the market top coming. […]
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Economic Growth Weakens While Inflation Rises | September 18, 2021

Economic Growth Weakens While Inflation Rises Why may we see economic growth continue to weaken in the coming months? Delta Variant upsurge causes consumers to pair back spending Unemployment benefits ending Hurricane Ida effects Looming government shutdown Why may inflation continue to rise? Material shortages Labor shortages Supply chain delays In our view, we believe […]
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Weekly Jobless Claims Fall to 310,000 Marking New Pandemic Low

Cheddar News Interview U.S. jobless claims fell to 310,000 last week, marking a new pandemic low. Philip Palumbo, Founder, CEO, and Chief Investment Officer, Palumbo Wealth Management joined Wake Up with Cheddar to discuss. Watch Here     Palumbo Wealth Management (PWM) is a registered investment advisor. Advisory services are only offered to clients or […]
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Economy: Full Steam Ahead | April 3, 2021

Economy: Full Steam Ahead Unemployment remains high, but continuing claims remain in a downtrend. GDP is not back to pre-pandemic trendline, but early indicators say we are getting close. After the massive GDP decline last year, we should expect well above trendline growth this year as long as the vaccines work their magic. Investors remain […]
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Can the Infrastructure Lure finally Catch Some Funding? | March 20, 2021

Can the Infrastructure Lure finally Catch Some Funding? Infrastructure should be an easy bipartisan issue. How we pay for it is a big sticking point. Getting a bill passed will not be easy. There are few issues that have been discussed as consistently as infrastructure, but with no meaningful result. Most recently, infrastructure was a […]
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PLANSPONSOR, July 20, 2020 | Social Security Burdens Fall on Younger Workers

PLANSPONSOR Article As unemployment rises and employees retire sooner, experts say Social Security will be exhausted faster than predicted…More   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 properly licensed or exempt from licensure. For additional information, please […]
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