by David Wagner | Jun 30, 2023 | Blog, Market Updates
June ‘23 Market Recap: The banking fears of Q1 faded into an all-out Artificial Intelligence (“AI”) FOMO trade in Q2, as the S&P 500 returned 8.74%. Outside of AI, this quarter’s narrative was “Immaculate Disinflation”, which embodies falling inflation and stable...
by David Wagner | Jun 15, 2023 | Blog, Macro Updates
In case you missed it – JL put something out on CPI on Tuesday. If you want any commentary on the Fed/FOMC, just reach out and we can discuss today’s hawkish “skip”, which is basically just insurance on continued inflation. AI Investment Talk I’ve been...
by David Wagner | Jun 5, 2023 | Blog, Market Updates
May ‘23 Market Recap: The S&P 500 gained 0.4% in May and traded in a 100pt range (4056 and 4169), one of the most narrow monthly ranges (11th percentile) in history since the 1930s. The VIX remained low as well. Only 23% of stocks outperformed the S&P 500, the...
by David Wagner | May 31, 2023 | Macro Updates
With the NBA finals beginning, let’s heed some wisdom from the NBA G.O.A.T., Michael Jordan, who once said that the ceiling is the roof. Unfortunately, that wisdom proved to be wrong. Over the weekend, President Biden and Speaker McCarthy unveiled their compromise...
by David Wagner | May 22, 2023 | Blog, Macro Updates
I broke a 2 year tradition: I was unable to get a musing out on George Strait’s birthday (D.O.B: 5/18/1952). He turned everyone’s favorite golf score, 71 – also the score booked by Michael Block in this past weekend’s PGA Championship. Two-part commentary this week:...
