Jerome Powell – More Bank Failures
We are surprised there wasn’t much commentary about the Fed’s Jerome Powell saying there would be more bank failures. Here is a snippet from The Hill: Powell said the banks…
BLS: JOLTS – January 2024
The BLS released the JOLTS report and it shows a continued high elevated job openings of nearly 9 million. From the BLS: JOB OPENINGS AND LABOR TURNOVER – JANUARY 2024…
New York Community Bancorp Meltdown
The big news of the day while Fed Chair Powell was testifying before Congress about potential bank pain was the meltdown of New York Community Bancorp. The stock went down…
Dissonance Growflation
In trying to understand where the U.S. economy right now, we are hearing the term “stagflation” a great deal but we think this is the wrong word. Let’s start with…
BEA: Core PCE January 2024
The BEA released the Fed’s preferred measure of inflation today, the Core PCE. Let’s take a gander: Personal income increased $233.7 billion (1.0 percent at a monthly rate) in January,…
US Treasury – 30 Year TIPS Auction
On Thursday February 2024, the 30 year TIPS treasury auction will take place and we are picking up some of these bonds for the long haul. We think this investment…
DIVOS™ Trade: O – Realty Income
In Our 2024 Investment Strategy for Equities, we introduced our DIVOS™ strategy and today, we initiated a very small position in O (Realty Income) and intend to hold and accumulate…
Insurance Premiums and Profitability
We’ve been busy doing research trying hard to find value and something to invest in but it’s been tough with the market breaching all time highs but the latest BLS…
Where is SPY Headed?
After getting our put options wrong on XHB and the direction of markets in general, we wanted to get a second opinion so we asked ChatGPTs Financial Wizard where SPY…
BLS: PPI January 2024
The BLS released the January PPI report and it came in hotter than expected at 0.3 percent. The Producer Price Index for final demand increased 0.3 percent in January, seasonally…