Biden

“Oh, what a tangled web we weave when first we practice to deceive.”

Newsletter /

Market sentiment has taken a significant hit. The astonishing IT failure, regarded by many as the worst ever, has severely dented investor bullishness. It is especially concerning and even more shocking to investors than the political drama we are witnessing. The vulnerability we’re all feeling about our extreme reliance on technology might actually be even worse than originally believed because it’s unclear whether our technology systems can do anything to sufficiently remedy the situation and prevent future occurrences.

“Oh, what a tangled web we weave when first we practice to deceive.” Read More »

“Mr. Biden and his party have been given the chance to avoid a dire fate for their country and the world. They should seize it.”

Newsletter /

The S&P 500 once again touched an all-time high (5,523) but closed on a down note for two reasons. First, inflation remains persistent. The Fed’s preferred inflation gauge (PCE) showed prices are still rising substantially more than they were pre-pandemic (+2.6% vs +1.3%.) The key (outside-down-day) reversal lower insured that for the 9th. straight day, the U.S. equity index failed to close above the psychologically important 5,500 level. Second, Biden’s Presidential term is likely finished. The damaging and likely permanent fallout from the debate is devastating. More on that below.

“Mr. Biden and his party have been given the chance to avoid a dire fate for their country and the world. They should seize it.” Read More »