1,313 results found
Goldman Sach’s announced that it is selling its Personal Financial Management Unit. The group manages about $29 billion of assets for high-net-worth clients. Per the Wall Street Journal- “We are currently evaluating alternatives for that business,” Goldman said. “We expect to find an outcome that benefits both our clients and our advisors.” $29 billion is […]
Since the start of the year, the magnificent seven have led the stock market’s charge higher. Consider the following year-to-date gains for the magnificent seven: MSFT +31%, AAPL +32%, NVDA +192%, GOOG +46%, META +134%, AMZN +57%, and TSLA +74%. The “worst” return of the magnificent seven stocks, MSFT +31%, is more than double the […]
U.S. Treasury yields have been rising recently on varied concerns. One such worry is that China will sell some of its $835 billion stash of U.S. Treasury securities to help bolster its weakening currency, the yuan (CNH). As we share below, China’s yuan and ten-year Treasury note yields have correlated well since 2021. Like U.S. […]
Economics
Since the beginning of 2022, the media has regularly warned a recession is coming. As we suggested previously, if a recession DID occur, it would be the most well-forecasted recession ever on record. “While the ‘probabilities’ of a recession in 2023 seem far more significant, what bothers us with the recession/hard landing view is that everyone thinks […]
Financial Planning
Raising Money-Smart Kids: Part Three and the last of the series outlines unique exercises and money conversation starters for parents. I understand how we feel we need to be TikTok stars to get our kids’ attention these days, but as parents, I assure you, they’re interested in money and should form good habits with your […]
This commentary did not get emailed out yesterday, please accept our apologies. The data has been updated for this mornings reading. Michael Burry, who made a fortune shorting the subprime market in 2008, and was made popular in Michael Lewis’s book and movie The Big Short, is at it again. The quarterly SEC 13-F holdings […]
Year-over-year CPI increased to 3.2% in July from 3.0% in June, ending the streak of 12 consecutive declines. While that may sound like bad news, the increase is solely a function of last July’s monthly -0.03% CPI reading falling out of the 12-month calculation. July’s monthly CPI increased by 0.2%, in line with the previous […]
Invest
The economy has marched forward, ignoring higher interest rates and consistent calls for a recession. Credit goes to “We The People,” the citizens of the U.S. A shout-out also goes to Uncle Sam for showering us with trillions of dollars of stimulus during the pandemic to fuel consumption. Understanding why the economy has done […]
Invest
There is a rhythm to the markets, and market cycle lows support bull market recoveries. Recently, Ed Yardeni made a bold prediction that the S&P 500 index could hit a high of 5400 in 2024. To wit: “Market veteran Ed Yardeni predicts that the S&P 500 could reach a record high of 5,400 within the […]