By Graham Summers, MBA There are two primary reasons why inflation has remained so persistent despite the Fed raising rates from 0.25% to 5.25% in the span of 14 months.…
By Graham Summers, MBA There are two primary reasons why inflation has remained so persistent despite the Fed raising rates from 0.25% to 5.25% in the span of 14 months.…
By Graham Summers, MBA The market rally in 2023 has been driven by tech, specifically, Big Tech (Apple, Microsoft, Nvidia, Alphabet, etc.). While a handful of large companies have driven…
By Graham Summers, MBA One of the biggest questions we hear from clients is “why aren’t stocks breaking down?” The answer is simple: the government. The Fed is fighting inflation.…
It’s worse than I imagined. I had initially thought that the current debt ceiling deal would feature a small amount of spending cuts in 2024. In reality, it will feature…
By Graham Summers, MBA As I first noted in my best-selling book The Everything Bubble: The Endgame For Central Bank Policy, “politicians make promises, but bond markets deliver.” What I meant…
Looks like I underestimated this one! Yesterday I noted that the Artificial Intelligence (AI) bubble was still going strong, but that large players like Nvidia (NVDA) were probably “tapped out.”…
By Graham Summers, MBA The stock market sure look bullish, doesn’t it? The S&P 500 has managed to start turning its 200-day moving average (DMA) upwards. This is a significant…
By Graham Summers, MBA Artificial Intelligence (A)I is the current major them for the markets. With economically related companies (TGT, X, etc) showing lower returns, investors are piling into AI…
Is the economy just about to roll over? Copper, the commodity with a PhD in economics, has erased all of its year to date gains. It’s currently about 10% off…
By Graham Summers, MBA Dear Investor, You no doubt have some concerns about the bank at which you keep your deposits. I mean, why wouldn’t you? Three of the largest…
By Graham Summers, MBA Thus far in 2023, there have been three major bank failures. And I do mean MAJOR: all told the three banks had $532 billion in assets. That…
By Graham Summers, MBA Japan just reported inflation of 3.5%. This is a big deal. Why? First and foremost, it’s significantly higher than expectations: 3.5% vs 3.2%. Secondly, it shows…
By Graham Summers, MBA Warren Buffett is arguably the greatest investor of all time. Unlike many of the super wealthy that existed before him (Rockefeller, Morgan, Vanderbilt, Dupont) Buffett wasn’t…
By Graham Summers, MBA You can forget about what the media is telling you…because REAL inflation has come down much at all. The media likes to trumpet that headline inflation…
By Graham Summers, MBA It’s earnings season and options expiration week for the month of April. Both of those items have historically been extremely bullish: stocks almost always rally into…
By Graham Summers, MBA The next round of the inflation trade has begun. The first round focused on energy prices. Oil rose from $10 a barrel at the 2020 lows…
By Graham Summers, MBA Is this the next black swan? The commercial real estate market in the U.S. is about $20 trillion in size. This is not a small asset class.…
By Graham Summers, MBA The Fed has turned off the money pump again. If you’re looking for a reason why stocks erupted higher starting in early March, look no further…
By Graham Summers, MBA A few things for us to think about… Wal-Mart (WMT) is the largest private employer in the world. It’s also one of the largest retailers in…
