The Latest Breaking News from Powell

Fox News was cited for “discovery misconduct” by the judge in the $1.6 billion defamation case filed by Dominion Voting Systems after learning that recorded conversations with former president Donald Trump’s attorneys were not turned over as evidence.

While I think the bulls have made major strides in the first quarter, I think it's too early to say we're completely out of the woods. So I thought this would be the perfect time to look back at the Q1 of 2023 and review the factors that influence the…

Just published in volume 2, issue 2 of the Journal of Free Speech Law, and available here; here's the Introduction: The academy is rife with contention over the conditioning of faculty ap­pointments on an attestation to or a record of support for a secular trinity: "Di­ver­si­ty, Equity, Inclusion." These DEI…

The U.S. central bank remains unphased by the recent upheaval in the banking sector as it continues to battle inflation by tightening credit. The Fed allowed inflationary pressure to mount in 2021, waiting too long to boost interest rates, pushing inflation to the highest level in four decades. In 2023,…

This week, we had the latest meeting by the Federal Reserve. The central bank raised interest rates by 25 basis points, and indicated that we're likely close to a pause. You'd imagine the stock market (SPY) would cheer... But I'm seeing something else that's making me nervous. Read on.

It’s been a while since I talked to anyone enjoying the recent stock market action. Too volatile. Too illogical. No real trend. All true. However, the more we understand why this is happening the easier to diagnose what will happen from here and how we can trade our way to…

Investors are not buying the idea the Fed won't cut — not even a little bit.

The Federal Reserve is grappling with a hazier economic picture clouded by turmoil in the banking industry and still-high inflation just as it meets to decide whether to keep raising interest rates or declare a pause

It's been another doozy of a week for the S&P 500 (SPY). We had Fed Chair Jerome Powell giving his semiannual testimony before the Senate Banking Committee. We had the latest job openings summary from January. We had a surprise run on a bank in Silicon Valley push the entire…

Did you ever really buy the bullish argument touted by some to start the new year? Yes, it was an amusing fable that has now lost its luster as the bears are firmly back in charge as proven by the break below the 200 day moving average for the S&P…

The two unusually fiesty exchanges were a preview of what is likely to be a key dynamic.