By David Nelson, CFA Let’s start the conversation by agreeing we need to cure the cancer of inflation. An unchecked rise in prices spinning out of control helps no one and risks pushing the U.S. economy further into crisis. However, every oncologist knows that administering chemotherapy at a pace beyond what the body can absorb […]
September
26
Fed Keeps Moving the Goal Posts
posted by David Nelson, CFA
By David Nelson, CFA Investors understand markets are discounting mechanism that look to perceived future cash flows to price an asset today. It doesn’t matter what the asset is, stocks, bonds, real estate or even art. All are subject to the financial laws of nature. Art doesn’t generate income at least not until it is […]
September
21
It wouldn’t take much to light the fuse
posted by David Nelson, CFA
Yesterday Nancy and I Yesterday with Fox Business anchor Charles Payne and Nancy Tengler CIO Laffer Tengler Investments. We covered a lot of ground all leading up to today’s FOMC decision.
September
19
Fed Soft Landing – All we need is a miracle
posted by David Nelson, CFA
By David Nelson, CFA CMT January 15, 2023 will be the 14th anniversary of the Miracle on the Hudson. Shortly after taking off from LaGuardia airport Captain Chesley “Sully” Sullenberger and Co-pilot Jeff Skiles glided a powerless Airbus A320 to a safe landing on New York’s Hudson River. Flight 1549 experienced a bird strike that […]
September
11
Talking Points MWM
posted by David Nelson, CFA
David weighs in on several stories hitting the tape including censorship, section 230 and the Fed.
September
11
Mornings with Maria – Europe
posted by David Nelson, CFA
David joins Fox Business Anchor Maria Bartiromo
August
29
The Fed needs a new mandate
posted by David Nelson, CFA
By David Nelson, CFA The Fed cannot and will not deliver on the goals laid out by Fed Chair Jay Powell in his opening remarks at Jackson Hole. The long-term target of 2% inflation is not achievable. Monetary policy on its own isn’t enough to bring down inflation expectations and deliver on the Fed’s principal […]
August
22
The Jackson Hole Zoo
posted by David Nelson, CFA
By David Nelson, CFA CMT Wall Street has always had a passion for animals. Throughout history market and monetary policy sentiment has been represented by all sorts of creatures including bulls, bears, doves, hawks and of course the dreaded black swan. This year the zoo animals have been particularly active. At the start of the […]
August
21
Soundbites
posted by David Nelson, CFA
David weighs in on some of the pressing issues investors are facing just in front of the Fed’s Jackson Hole Retreat.
August
08
Calling it the I.R.A. is an Insult
posted by David Nelson, CFA
By David Nelson, CFA The Inflation Reduction Act of 2022 has passed the Senate with a tie breaking vote from Vice President Kamala Harris. Democrats have been desperate to put some points on the board and the secret negotiations between Senator Joe Manchin and Majority leader Chuck Schumer pushed the bill closer to the finish […]
DAVID NELSON, CFA 