Jerome Powell is near the end of his term as Federal Reserve Chair. No doubt, one of the greatest accomplishments of his term was orchestrating a "soft landing" from what seemed like a near-certain post-COVID recession. Unfortunately, that feat will probably be overshadowed by his infamous "transitory" inflation debacle of 2021. That and his public … Continue reading Chess, not Checkers
The global equity market continued its upward trend in Q2, albeit at a subdued pace versus Q1. Global stocks are up +11.5% year-to-date as of Q2 end (represented by ACWI below), with U.S. big tech still leading the way. Gold held onto its gains, up +12.9% through Q2, while the bond market remained a laggard. … Continue reading Q3 2024 Update
I wrote in March that U.S. economic and market conditions continued to improve in 2024 which was positive for risk assets. As though right on cue, the global equity markets began a month-long downturn in April. Clearly, market timing is not a forte of mine, nor has it ever been! To be fair, I also … Continue reading Bad News Good News
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