Opinion – Elon Musk Strikes Again
By Kelvin Lee … Yeah, that was the response of the world’s richest man Elon Musk to Twitter CEO Parag Agrawal after defending the social media’s platform measuring of spam accounts. I almost pity the counsel involved in this deal. In case you haven’t been following this mess, here’s a brief timeline of events: April […]
Let the Earnings Begin!
By Kelvin Lee J.P. Morgan and Morgan Stanley kicked off second quarter earnings season last week. With an inverted yield curve, CPI at 9.1% and talks of a 100bps rate hike later this month, it’s hardly a market friendly environment. Here’s what we’re looking for: This is a market focused on margins. Oil, raw materials […]
Opinion- Cathie Wood, Genius or Just Lucky?
By Kelvin Lee, Alonso Munoz If you don’t know Cathie Wood, here’s a short summary: She’s a wall street veteran that in 2014 founded ARK Invest, an investment fund with over $16 billion in current assets across 9 different Exchange Traded Fund (ETF) offerings. ARK’s funds are known for their thematic investments in innovative technologies […]
Crypto In Your 401(k)? A Virtual Toss Up.
By Kelvin Lee , Alonso Munoz Back in April, Fidelity announced a digital assets account that would allow its 401(k) participants to purchase Bitcoin (BTC) directly by the end of the year. We ask ourselves: is this a good idea for your 401(k)? The short answer is, “probably not”. The fundamental goal of a 401(k) […]
We Are Reaching Peak Pessimism
By Kelvin Lee Created in 1940 by University of Michigan Professor George Katona, the Michigan Consumer Sentiment Index (MCSI) and the Michigan Inflation Expectations track a monthly survey of randomly sampled consumers on their current financial conditions and outlook on the economy. Since roughly 70% of Gross Domestic Product is derived from consumer spending, the […]
What a mess…!
By Kelvin Lee It was a hectic week on Wall Street…again! On Wednesday, the FOMC lifted interest rates by 75bps, the largest rate move since 1994 with Fed chair Jerome Powell noting that another 75-basis point hike would be on the table for the next policy meeting in July. Markets cratered on Thursday marking one […]
Up We Go
By Kelvin Lee The Federal Open Market Committee (FOMC) will announce their decision to raise interest rates today at 2pm in Washington D.C. Today’s decision comes after the high CPI print last Friday indicating that consumer prices rose 8.6%, the highest in 40 years. The Fed walks a delicate tightrope in today’s meeting as its […]
The Rules are Changing…. Again
By Alonso Munoz Exciting news: The 401(k) and retirement industry is in line for another round of legislative updates! The most immediate proposal in Washington is the SECURE Act 2.0. This is a follow up to SECURE Act signed into law in 2019. Although this legislation is complex and lengthy, we have picked out several […]
Reason for Optimism?
By Alonso Munoz Alas, Q1 earnings season starts in earnest this week. Analysts expect encouraging numbers out of corporate America in the midst of soaring inflation and the ongoing conflict in Ukraine. With so much “doom and gloom” being reported by financial media lately, we wanted to provide a few potential upside catalysts for markets […]
A Volatile Start to 2022
By M. Blake Fortune, II This week, investors will be monitoring further developments out of Ukraine. In recent weeks, market participants have been processing new Covid developments, inflation, soaring commodity prices, interest rates and geopolitics. Have you been to the pump lately? Making matters worse, the media is sensationalizing the conflict and market pressures are […]
