A seismic event happened this past week. No, not the 4.6 magnitude earthquake that rattled us Friday night. While a little jarring to my kids, those of us that grew up in Southern California know that a 4.6 is a minor rattler. Given how 2020 is going, a 4.6 seems quite an afterthought, no?
The tech sell-off persisted for the second week in a row teaching new investors the crude lesson that, yes, stocks go down too. The market sell-off that was set off by plummeting shares in technology stocks on Thursday, 9/3, had extended 3 days ending Tuesday, 9/8, following Labor Day. While the sell-off didn’t lead
Softbank Again?! Tech stocks hit a bit of a pause last week after their furious August rally. Unfortunately, that pain has spread to the broader markets too. By most measures, August is usually a quiet month for equities. A time when many families take their summer vacations and get in some sun before the school
Fed Loosens its Mandate Leash Last week, the Federal Reserve Bank of Kansas held its annual monetary policy symposium. However, for the first time since it began in 1978, the Jackson Hole conference wasn’t held at Jackson Hole. It was instead hosted virtually. But that certainly was not the biggest news as Fed Chair
IPO Frenzy After a relatively cool summer, over the past week, the weather got rather toasty here in Southern California. Death Valley hit 130 degrees, one of the hottest temperatures ever recorded on earth. Thankfully, we live in south Orange County where it’s much cooler. My family is an SDG&E customer, so we were
Stimulus, Taxes & Action If a question mark were able to manifest itself, I think it would take the shape of the equity market this week. I mean there have been several events that it just seemed the market didn’t know how to react, and the S&P ultimately ended up roughly half a percent
The 2020 Gold Rush My kids love board games. Even before the COVID shutdowns, but even more so now. Old games like Monopoly and Life. Newish games like Catan and Jumanji. Although, recently for whatever reason my kids have really taken to Monopoly. Of course, I tried to use this as an opportunity to
Too Much Power “Too much power.” These words were included in Chairman Cicilline’s opening remarks Wednesday. Three simple words, yet effective enough to set the tone for the next 5 hours. What a week this has turned out to be. Several major areas were hit: the big tech hearing, big tech earnings, the FOMC
Intermission There’s pretty much just one thing my wife and I have on our minds recently. We have two of the 73 million school-aged children in America and we are waiting to see what happens with schools in the fall. As August quickly approaches, it signals the end of summer. The dread of trying
Banks Season Well, we’ve made it folks. We’ve gone past the halfway point of 2020, and now we’re stepping into earnings season territory. This is the quarter that every economist, analyst, strategist, and all the other -ists have been dreading, yet almost everyone has been expecting. That’s because this earnings season will reflect the
