Monday, July 15, 2024

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Tag: Jay Powell

BUSINESS MONDAY: Spotlight on New Marlborough Meeting House—”preserving history, celebrating cultural creativity”

Almost two hundred years later, the Meeting House is still celebrated as a sacred space vibrant with programming to serve the local and surrounding communities.

CAPITAL IDEAS: Pegging inflation

Oh, and another reason the stock market isn’t poised for underperformance is because the Fed doesn’t care much about inflation right now.

CAPITAL IDEAS: From Maestro’s lips

When it comes to the movement of stock prices and how those prices reflect fundamental data, good vs. bad is largely irrelevant. What matters is not good vs. bad, but better vs. worse.

CAPITAL IDEAS: Jackson Holy Moly!

The chairman appeared to be sending a message to the White House that its trade war is pushing the U.S. toward a recession, and that the Fed may not have the tools to bail us out if that happens.

CAPITAL IDEAS: Your husband has a kept woman

Let’s face it: Most financial advisors are old white dudes like me, and old white dudes often don’t like to falter from traditional gender roles.

CAPITAL IDEAS: What’s your number?

According to the Employee Benefit Research Institute, currently 67% of workers are “very” or “somewhat” confident that they’ll be able to live comfortably in retirement. ... Their optimism is probably misguided, but I’m happy for them. Ignorance, as they say, is bliss.

CAPITAL IDEAS: Interest rate whiplash

Last week the Fed pivoted so quickly that all of us watching the press conference got whiplash. The Fed went from expecting two hikes in 2019 to zero. (It did maintain its estimate of one hike in 2020.)

CAPITAL IDEAS: Bad movie night

Waterfall declines are typically not the final low; the Dec. 24 low might need to be retested—might. We’ll watch the breadth over the next few weeks to assess if the rally is sustainable or if portfolios need to get more conservative to defend against a retest.

CAPITAL IDEAS: Start me up? Or shut me down?

A pause may be warranted but, given Mr. Trump’s tirade about his dissatisfaction over Fed governor Jay Powell raising rates, the president has made it so that a pause makes the Fed appear political when it’s not.

The Edge Is Free To Read.

But Not To Produce.