by David Wagner | Apr 19, 2023 | Blog, Macro Updates
On the radio last week, I heard a classic John Prine song that had the following (slightly tweaked) lyric: “a clown puts his makeup on upside down, so even when he smiles, he wears a frown”. It’s actually a pretty funny song if you listen to the lyrics. I think it...
by David Wagner | Apr 10, 2023 | Blog, Macro Updates
Alright, let’s hit a polarizing topic because I’ve been asked this question numerous times over the last week or so – the currency debate. It’s no secret that the dominance of the U.S. dollar has been challenged for years decades. In fact, I saw a clipping from 1975...
by David Wagner | Apr 4, 2023 | Market Updates
The S&P 500 Was Up This Quarter? Surely You Can’t Be Serious. I am, and Don’t Call Me Shirley. Airplane! is a comedy that does not conform to any known standard of parody. In fact, the movie is far from the likes of comedies today that are so hung up on...
by David Wagner | Apr 3, 2023 | Blog, Market Updates
March ‘23 Market Recap; The S&P 500 ignored the fallout from banking woes and recorded a surprising +3.7% gain last month, leaving the index in positive territory for Q1 ‘23 (+7.5%). After a mid-month hike, the current Fed Funds rate (upper bound) is at 5% vs....
by David Wagner | Mar 10, 2023 | Blog, Macro Updates
I hope that y’all have not had PTSD 2.0 of the GFC over the last few days. The KBW Regional Banking Index (KRE) is having its worst week since … October 2008. We had to break out the textbooks on my last musing (ERP), so I’ll do my best to keep this as simple as...
