Further Reflections On Partridge
I can wait without having a twinge of impatience. I can see a setback without being shaken, knowing that it is only temporary. I have been short one hundred thousand shares and I have seen a big rally coming. I…
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PG Earnings And The Inevitable Regime Change
Wednesday morning, storied consumer goods company Procter & Gamble (PG) reported 4Q21 earnings. PG is a $400 billion behemoth and you likely use many of its products everyday like Crest toothpaste, Charmin toilet paper, Tide laundry detergent and Head and…
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COVID Variant B.1.1.529 And The Fed Wildcard
There is a new COVID variant – B.1.1.529 – that is spreading extremely rapidly in South Africa – far faster, in fact, than the Beta and Delta variants as you can see in the chart above from John Burn-Murdoch. As…
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DIS Cracks, Precious Metals Rip, BMBL For The Long Term, RIVN IPO: $100 Billion Valuation “Pre Revenue”
The market had a marginal bounce Thursday after two days of selling with the NASDAQ +0.52%, S&P +0.06% and Russell +0.82%. I wouldn’t get too excited if I was a bull because in addition to the gains being limited, volume…
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DIS Bites The Dust, Inflation Is Out Of Control
Stocks had their worst day in recent memory Wednesday with the S&P -0.82%, the NASDAQ -1.66% and the Russell -1.55%. The red ink may not let up tomorrow as Disney (DIS) – another one of the 25 most important stocks…
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Week In Review: The Fed and The Precious Metals, ORCL, KR, SWBI Earnings, Parallels to 1999-2000
The most important event of the week was the Fed Decision on Wednesday afternoon. While the Fed did not make any policy changes (the Fed Funds Rate continues at 0% as well as $120 Billion/month in asset purchases) they did start to talk about inflation raising the possibility of tapering asset purchases and raising interest rates down the road. That was enough to create a dramatic reaction in financial markets.
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Gleaning Macro Insights From Earnings Reports: CPB and Inflation, PLAY and Economic Reopening, GME and The Reddit Army, May CPI
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That 70s Show: Inflation Is Set To Roar
There is a very interesting dynamic playing out in the economy right now that is almost certain to result in significant inflation. That dynamic consists in the reality of inflation as described by corporate executives, some examples of which you can read above, combined with the Fed’s refusal to admit that it’s anything more than “transitory”.
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Inflation Watch: PG & KMB To Raise Prices, Precious Metals & Miners Surging, Tobacco Stocks Face Regulatory Risk
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10 Year Yield Drops 11 Basis Points, NASDAQ on the Verge of New ATHs, Precious Metals on the Move
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