When I started Top Gun – before Nick Timiraos assumed the post of Fed Whisperer – that role was filled by Jon Hilsenrath. That’s why Hilsenrath’s piece in this morning’s WSJ is worth scrutinizing for clues about the Fed’s strategy…
I just finished Irv and Marilyn Yalom’s book A Matter of Death and Life (2021) about Marilyn’s death from cancer and Dr. Yalom’s struggle to continue on after. In alternating chapters, Irv and Marilyn write about her decline until death…
I own a lot of defensive stocks in our portfolios currently – Walmart (WMT), Procter & Gamble (PG), Campbell Soup (CPB) – but my biggest position in this group is the country’s leading grocer Kroger (KR). Why? Because KR is…
The stock market has suffered a nasty correction in the wake of Fed Chair Powell’s hawkish remarks at Jackson Hole two weeks ago. While the Fed is right that letting inflation linger would be a grave mistake they could also…
Docusign (DOCU) – the #1 e-signature solutions provider – reports 2Q22 earnings after the close Thursday. It’s no wonder that the stock is trading at 52 week lows after gapping down after each of its last three quarterly earnings reports….
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…
In recent blogs I have been arguing that the tightening the Fed has already done is starting to choke off growth. But it’s important to be open minded and not ignore data points that go counter to your thesis. Earnings…
Best Buy (BBY) is a favorite stock of mine as a window into consumer spending because it sells discretionary items. Almost all of its sales come from computing, mobile phones, electronics and appliances. Its 2Q22 earnings report Tuesday morning clearly…
Two weeks ago people were talking about the end of the bear market and a new bull market. Now – after Powell’s speech – the narrative has completely reversed course and most seem to be expecting new lows imminently. In…
On Friday morning Fed Chair Jerome Powell used his much awaited speech in Jackson Hole, WY to lecture the market like a father whose teenage son took the car without permission. Powell was clearly annoyed by the market’s presumption in…