The Good, The Bad and The Ugly

Bet You Didn’t Know With all the attention on the stock market, we bet you didn’t know that over the last 5 years, gold has outperformed the S&P 500! The recent very strong performance of gold is very unusual. What’s driving this unusual occurrence?  We see it as: The Good, The Bad and the Ugly […]
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Implications of a Fracturing Global Economy

Implications of a Fracturing Global Economy Our comments each week typically revolve around shorter term issues but this week we want to spend some time thinking longer term, much longer term. The catalyst for this shift was a speech given this week by Christine Lagarde, President of the European Central Bank (ECB), which discusses the […]
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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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What Do You Think?

What Do You Think? Our inboxes are full of market and economy projections for 2023, most of which are completely worthless. In early December, 2021, Reuters ran a story with this opening line: “The S&P 500 will gain 7.5% between now and the end of 2022 to finish at 4,910, driven by earnings and economic […]
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What Does a Strong Dollar Mean for the US Economy?

What Does a Strong Dollar Mean for the U.S. Economy? In late September 2022, the U.S. dollar hit  a 20-year high in an index that measures  its value against six major currencies: the euro, the Japanese yen, the British pound, the Canadian dollar, the Swedish krona, and the Swiss franc. At the same time, a […]
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China as a Catalyst | October 29, 2022

China as a Catalyst This week’s headline could easily be construed as a commentary on the potential for an armed conflict, but in this case, we are on a completely different track. With the economic situation in the States appearing increasingly dire (weakening economy, high inflation, massive debt, & higher interest rates) it is rather […]
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A Cross to Bear | October 15, 2022

A Cross to Bear Investors have navigated a difficult market all year and the third quarter was no exception. All major indices ended the quarter in bear market territory with the S&P 500, Dow and Nasdaq declining 5.3%, 6.7%, and 4.1%, respectively, from July to September. With the dollar strengthening and the global economy slowing, […]
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