What a strange world we live in. On Wednesday the latest inflation reading showed the annual inflation rate dropping to 3%. Stocks rocketed higher on the news because in May the annual inflation rate (according to the CPI) was 4%. As we outlined last week, the "no landing" case has
2023 started with forecasts of such a sharp economic slowdown the Federal Reserve would not only stop raising rates but would cut them before the end of the year. As consumers continue to spend money despite high inflation and high interest rates the forecasts have now shifted to no recession
We're starting the 2nd half of the year with a disjointed trading week. Monday is a half day and the markets are closed on Tuesday. This should give investors/speculators a chance to take a breath and assess the outlook for the rest of the year.
In case you missed
It’s been a wild few years for investors in the stock market. We’ve seen big swings from fear (COVID outbreak in 2020 and interest rate hikes in 2022) to greed (‘meme’ stock idiocy in 2021 and ‘AI’ fueled euphoria in 2023). Throughout market history these cycles
At the end of May, some Christians were talking about how they are boycotting Target. This isn't the first time Christians have boycotted Target. Back in 2016 and again in 2018, there were boycotts because of Target's bathroom and fitting room policies changing – they announced that they were allowing transgenders
