The Long and Short of Interest Rates | February 27, 2021

The Long and Short of Interest Rates When the week started, it appeared that short-term rates would be the ‘story of the week’ due to a planned drain of Treasury cash (See “Are Negative Rates Coming Despite Fed Opposition”, below.) However, on Thursday, long-term rates took center stage as the 10-year yield jumped from a […]
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When it Absolutely, Positively Has to Be There… | February 20, 2021

When it Absolutely, Positively Has to Be There… Those old enough will probably recognize our title from the iconic Federal Express tagline ‘When it absolutely, positively has to be there overnight’. When the pandemic hit almost a year ago, one of the key words of the time was delivery. Groceries were delivered in record amounts, […]
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Phil Palumbo Receives 2020 Top Business Leaders Award

2020 Top Business Leaders Award Watch as Philip Palumbo, CEO and CIO of Palumbo Wealth Management receives an award for 2020’s Top Business Leaders.   Palumbo Wealth Management (PWM) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where PWM and its representatives are properly licensed or exempt from […]
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Centenarians Dilemma | February 13, 2021

Centenarians Dilemma At PWM, we strongly prefer that all of our clients complete a retirement planning exercise so we can properly advise them in all their financial decisions. One of the key questions we need to estimate in developing the plan is how long they expect to live. The classic mistake is assuming that they […]
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MacKenzie Scott’s Giving Transforming Bezos Fortune (Podcast) | February 11, 2021

Bloomberg Radio Podcast Bloomberg Businessweek Editor Joel Weber and Bloomberg News Wealth Team Reporter Sophie Alexander talk about how MacKenzie Scott’s philanthropic efforts are transforming Bezos fortune. And we Drive to the Close with Philip Palumbo, CEO at Palumbo Wealth Management…Listen   Palumbo Wealth Management (PWM) is a registered investment advisor. Advisory services are only […]
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Phil Palumbo’s Stocks to Watch: DOCU, LUV, DAL

TD Ameritrade Interview Phil Palumbo provides his take on the most recent rally which is part of the overall economic reflation trade. He sees areas in the market that are overvalued such as certain technology growth stocks, versus cyclical value stocks in airlines. Phil also sees secular tailwinds in post Covid-19 technology names like DOCU […]
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Taking Stock of 2020 | February 6, 2021

Taking Stock of 2020 There is no doubt 2020 was one for the record books and in more ways than one. We were planning this commentary several weeks ago, but the craziness continued into 2021, so we postponed the comments until this week. Surviving through 2020 required discipline because it is far too easy to […]
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