Expert Failure

Expert Failure Quite a few years ago, I had the privilege to hear Malcom Gladwell, author of The Tipping Point and Blink, speak about the ramifications of expert failure. His point was simple: If an idiot makes a mistake, it doesn’t matter very much because logically, no one is listening to the idiot. However, if […]
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CNBC Worldwide Exchange Interview | March 27, 2023

Palumbo: The Fed is going to execute a crash landing | CNBC Worldwide Exchange Interview Phil Palumbo of Palumbo Wealth Management says with tighter lending conditions, it’s very difficult for the economy to keep puttering along without showing some cracks.   Palumbo Wealth Management (PWM) is a registered investment advisor. Advisory services are only offered […]
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Deal, or No Deal?

Deal, or No Deal? The banking deposit crisis is receding, but the credit crunch is just starting. After 15 years of investment decisions dominated by the Fed Put (i.e., extremely low interest rates and pumping money into the economy, to rescue markets), the critical question investors currently have is whether the Fed will resume a […]
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Bank Failures Shine Light on Interest Rate Risks

Bank Failures Shine Light on Interest Rate Risks Financial markets reacted turbulently to the collapse of Silicon Valley Bank (SVB) on March 10, 2023, followed two days later by the failure of Signature Bank of New York. With $209 billion in assets and $175 billion in deposits, SVB was the nation’s 16th largest bank and […]
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Frayed, but Resilient

Frayed, but Resilient Over the past 3 weeks the economy and the banking system have become more frayed, yet markets have remained resilient. So, this week, we attempt to make sense out of what doesn’t make any sense. Our recession call remains in place as many economic indicators point toward a recession. Here are a […]
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Who’s Swimming Naked?

Who’s Swimming Naked? Most of the talk this week was of the SVB failure, bank runs, and most important… who’s next? We think that’s the wrong question. Last week we called the SVB failure an old-fashioned bank run, which it was. Much like the movie ”It’s a Wonderful Life”, depositors were lining up at SVB’s […]
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Bloomberg’s “The Tape” Podcast | March 13, 2023

Where Will Markets Go Post-SVB? Phil Palumbo, CEO and founder of Palumbo Wealth Management, joins the show to discuss outlook for the economy and equities. Hosted by Paul Sweeney and Matt Miller. Please Click Here to listen.   Palumbo Wealth Management (PWM) is a registered investment advisor. Advisory services are only offered to clients or […]
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