There’s a Lot Riding on the Current Regime Change

Regime changes are hard. Take, for instance, the current regime change from disinflation and falling rates to inflation and rising rates. As the previous regime lasted for over 40 years, there is a generation of investors who know nothing other than that experience. What makes regime changes difficult is that it requires investors to “unlearn”…

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Here’s What an Aggressive Fed Means for the Housing Market

Following last Thursday’s very impressive upside move, investors were looking for confirmation with some follow-through on Friday.  Unfortunately, that never happened… All the excitement and talk of engulfing patterns and upside reversals were all for naught, as stocks did what they have done many times throughout the bear of 2022…  They sold off. Inflation data…

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Are You Recession-Ready?

Are we headed for a recession? The growing evidence that suggests the answer to this question is, unfortunately, yes.    U.S. GDP fell at a 1.4% annual rate in the first quarter – another quarter of negative growth would officially mark a recession. Those who think a recession can be avoided are of the groupthink that…

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