Monday at 1pm PST, Nvidia (NVDA) CEO Jensen Huang will be giving a keynote speech at the SAP Center in San Jose, CA on the future of Artificial Intelligence (AI). Obviously Huang is going to hype AI. The real question…
I just filled up my gas tank and it was over $5/gallon. This is just another example of sticky inflation: Inflation may not be going up as fast as it was a couple years ago but prices are still quite…
Stocks rallied hard on Tuesday in the wake of the February CPI – but it didn’t make any sense. The CPI came in slightly hotter than expected and this sticky inflation has taken a May rate cut off the table….
As markets have digested the slightly hotter than expected February CPI on Tuesday morning, the idea of sticky inflation has started to take hold and the debate about the timing of the first rate cut pushed back to June. A…
The February CPI came in this morning marginally hotter than expected with both headline and core increasing by 0.4% month over month. As I wrote earlier this morning, bulls would have liked to see core at 0.3%. Which raises the…
The December CPI came in a little hotter than expected this morning. However, one of the main reasons for this is that the Shelter component – which is heavily weighted – is a lagging indicator. It doesn’t just measure newly…
At the end of his long life, Charlie Munger expressed doubts about the future of value investing: I think that the modern investors, to get ahead, almost has to get in a few stocks that are way above average. They…
The stock market is starting to levitate and bears are nowhere to be found. The S&P is trading at its high for the year and the VIX is at a post-COVID low around 12. But the in line CPI may…
While the Fed is done hiking rates for this cycle, my concern last weekend was that Powell may still try to talk “higher for longer” in his press conference on Wednesday due to the strong recent moves in financial markets….
We’re in a mini Goldilocks scenario. The soft landing is playing out – Alessio de Longis, Senior Portfolio Manager, Invesco There’s too much reliance on a soft landing at this point. We need to be a little bit cautious –…