by David Wagner | Jan 3, 2024 | Blog, Market Updates
December ’23 Market Recap: Investors enjoyed broad-based relief in the fourth quarter. After rising sharply in Q2 and Q3, rates peaked in the fourth quarter fueled by Powell’s pivot at the December FOMC meeting. Similarly, oil prices peaked in late September and...
by David Wagner | Dec 12, 2023 | Blog, Macro Updates
Quick CPI Inflation Thoughts: Simply put, the last mile of bringing inflation back down to the Fed’s long-term target will be difficult – most likely due to the continued strength in the job market, i.e., Friday’s NFP is a prime example. I think J. Powell will take...
by David Wagner | Dec 5, 2023 | Equity Case Studies, Equity Research, Research Reports
In today’s report, we’ll be covering Chemed Corporation (“CHE”) – in our opinion, one of the last, great remaining publicly traded conglomerate companies. Conglomerates were in vogue for the majority of the 20th century. They came about because most of the mergers in...
by David Wagner | Dec 5, 2023 | Blog, Market Updates
November ’23 Market Recap: After a 20% drawdown in many stocks between July and October, equities staged an impressive rebound in November thanks to the sharp reversal in interest rates. A good portion of this reversal was due to the pricing of a much more...
by David Wagner | Nov 15, 2023 | Blog, Macro Updates
I want to start here: “Given that the stock market tends to go up more than down (60-70% of the time), odds are the current trading range is a prelude to another advance. Corrections can be in the form of price and/or time, and this one seems to be both. Usually, the...
