There was lots of chatter this week about two items. Item one is a reality. Item two is babble. The reality is, over the past six weeks, the S&P 500 is up over 13%. The babble is, is the economy in a recession? The explanation for both items is that GDP is trending back toContinue reading “GDP is on trend 220730”
Author Archives: John Pugliano
IMPORTANT: shift in monetary policy narrative 220620
This is IMPORTANT…but I’m being redundant because everything I blog about is important, otherwise I wouldn’t blog about it. The Federal Reserve is starting to walk back its tough talk on fighting inflation with higher interest rates. As I’ve previously mentioned, tightening monetary policy won’t pump any Oil, nor grow any Wheat. The recent dramaticContinue reading “IMPORTANT: shift in monetary policy narrative 220620”
Cynical Realpolitik 220612
The selloff late last week put an end to what could have been a three-week recovery. Stocks started to collapsed ahead of the May inflation report, which was “higher than expected”. Expectations are much like “policy”, both can change very abruptly. I’m less concerned about inflation than most, because I believe that the current inflationContinue reading “Cynical Realpolitik 220612”
SUPPORT at Long Term Average 220528
The 7 week losing streak was broken this week, with significant moves higher by all indexes. This is encouraging because often the Markets move lower ahead of a long holiday weekend. It’s also encouraging because the move higher occurred without an announcement of material good news. In fact, the news is just dreadful- no endContinue reading “SUPPORT at Long Term Average 220528”
Shed some positions & bought Mid Caps 220517
I took advantage of today’s rally to sell a few positions and reinvested the money (along with cash reserves) into a Mid Cap index ETF (SCHM, MDY, etc). I’m still fully invested in the Market, and the move to Mid Caps is just a parking place until the money is allocated to specific stocks. IContinue reading “Shed some positions & bought Mid Caps 220517”