by J Thomas Knight | Aug 29, 2022 | Commentaries
Commentary: Week of August 29, 2022 The Dow Jones Industrial Average fell more than 1,000 points on Friday, caused apparently by Fed Chairman Jerome Powell’s attempt to use a brief speech to channel the ghost of Paul Volcker. Obviously, this was part of the market’s...
by J Thomas Knight | Aug 16, 2022 | Commentaries
Commentary: Week of August 15, 2022 With less than three months left before the 2022 mid- term elections, it is officially silly season when it comes to interpreting economic reports. For many analysts it’s pretty much all politics all the time, with data seen through...
by J Thomas Knight | Aug 8, 2022 | Commentaries
Commentary: Week of August 08, 2022 With the Senate having passed a budget plan yesterday with only Democratic votes as well as a tie broken by Vice President Harris, it is only a matter of time before President Biden signs the first significant tax hike since the...
by J Thomas Knight | Aug 2, 2022 | Commentaries
Commentary: Week of August 01, 2022 The Federal Reserve raised short-term interest rates by three-quarters of a percentage point (75 basis points) on Wednesday, July 26, 2022. The day before, the Fed had released M2 money supply data for June and it fell slightly, the...
by J Thomas Knight | Jul 26, 2022 | Commentaries
Commentary: Week of July 25, 2022 To many investors, this week’s GDP report is more important than usual. The reason is that real GDP declined in the first quarter and might have declined again in Q2. If so, this could mean two straight quarters of negative growth,...
