Month

May 2022
This morning, the WSJ reported that Warren Buffett has been on an aggressive buying spree during this bear market.  There is a link to the market below.  Buffett has been buying value stocks such as Chevron, Occidental Petroleum, and Hewlett-Packard to name a few.  When he is buying on the stocks, he isn’t predicting that...
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  Today’s CPI inflation data came in hot at 8.3%, down slightly from the previous report, but higher than expectations. Inflation is rampant in all the key areas that impact our daily lives such as food, energy, shelter and transportation.  The sting of higher prices and the disruption emerging from the Chinese lockdowns has the...
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On Wednesday the Federal Reserve raised interest rates by 50 bps, or 1/2%.  Initially the market reacted favorably to this with a strong rally on Wednesday, only to be reversed with the biggest down day since 2020 on Thursday.  Tech/glamour stocks have simply been getting obliterated.  Tesla dropped 8.3% on the day, while Amazon dropped...
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