The Boy That Cried Wolf

The Boy That Cried Wolf Something has been on our minds for a long time, and we have occasionally danced around the issue on these pages, but we always feared being “the boy that cried wolf”. Those fears are unfortunately subsiding. Why the change? Mostly because financial luminaries are now beginning to make their voices […]
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The Future of AI and Healthcare Innovation

The Future of AI and Healthcare Innovation Back in late January, Palumbo Wealth Management sponsored our AI/Biotech Summit. We’re thrilled that many of you were able to attend. But for those that were unable to attend, here is your chance to get the scoop. This week we present the video of the Summit. Capitalism is based […]
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Lower is the New Higher

Lower is the New Higher A funny thing happened on the way to lower rates… Fed projections went up, not down. Wall Street was focused on the Fed’s median for 2024 projection, which was unchanged at three 0.25% rate cuts this year. But the economic gurus at the Fed took away one rate cut in […]
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Gold is Money, Everything Else is Credit.

Gold is Money, Everything Else is Credit. Gold’s traditional role in portfolios is as a haven in times of stress or perceived high risk on a shorter-term basis and longer term as an insurance policy against a decline in the value of the dollar. Gold’s recent run is interesting because it has come in the […]
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Things Are Not Always as They Appear

Things Are Not Always as They Appear There is an old saying about Wall Street prognosticators: Often Wrong, Never in Doubt. The first problem with prognostications is that they are typically very short-term oriented. The second problem is that they often hide counterintuitive facts. The third problem is they contain their own behavioral biases. Since […]
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