A story in today’s New York Times brought home the severity of the economic crisis to me: “Luxury Prices Are Falling; the Sky, Too”. When designer shoes and bags are being marked down to these levels, that’s a clear sign…
We’re a CPI Report away from Jackson Hole being peak hawkish – Rob Crumpton, Stocktwits, Friday September 2 6:23am PST Rob Crumpton had a great tweet on Stocktwits Friday morning. While everybody is in a panic over Fed Chairman Powell’s…
I really respect David Einhorn because he has evolved from a pure value investor into recognizing the importance of macro. Anybody who doesn’t recognize that at this point is going to pretty useless going forward. Buy great companies with high…
Outstanding quarter from Hewlett Packard (HPQ): Revenues up 13% from the year ago period which is a big increase for a company of this size. All goods categories (servers, computers, printers, supplies) were strong. Net income was up 25% from the…
“Now the market smells a move by the Fed in two weeks.” – Jim Swanson, Chief Investment Strategist, MFS Investment Management. Quoted in “Fed’s Hints of a Rate Cut Cheer Markets” (subscription required). Today was actually a pretty positive day…
“Sentiment [on treasuries] has probably gotten too bearish given the current set of news.” – Tony Crescenzi (subscription required), Chief Fixed Income Strategist, Miller Tabak The sell-off the last three days has been entirely about interest rates. Higher interest strain…