Although we’re still in June, it feels like summer is already here. Somehow, we skipped past the typical June gloom and moved right into the heat. It also feels like summer for me because my kids got out of school last week. School might be out for the summer, but since my wife and
Unless you’ve been living under a rock, you’ve probably heard about the ongoing chip shortage somewhere on TV or in an article. No, I’m not referring to edible chips, like the ultimate guilty pleasure, Doritos. Although, I’m sure if there were a Dorito shortage we’d probably be seeing just as many, if not more, reactions
At the end of the month, restrictions imposed on banks by the Fed will be lifted. This will allow banks to resume their regular dividend payouts and ability to buy back its own shares. However, in order to do so, they are required to pass the stress test – a test which provides results
Last week was a tumultuous week to say the least. Wednesday, the Fed released minutes from their April meeting where some officials proposed the idea of discussing rolling back its bond purchases in future meetings. Let’s take a step back for a second. As we know, during the Fed Committee’s meeting last month, the
One of my favorite game shows growing up was the Price is Right. It was a great show to watch on the days I got to stay home from school. One of my favorite games on the show was when contestants had to guess the price of various everyday items like Rice-a-Roni, Kraft Mac &
I hope that everyone had an amazing Mother’s Day weekend. To celebrate the amazing women in our lives, my family got together centered on making a traditional Mexican dish called barbacoa. It is beef that is slow roasted in a pit. First, a wood fire is used to heat a brick-lined oven for nearly
I still can’t get accustomed to reading headlines like “Stocks Slip After Fed Holds Rates Steady”. I mean just a few years ago, before the pandemic, the market had the exact opposite reaction when the Fed began its tightening policies to unwind its balance sheet. And even more so, who would have thought during a
Elon Musk has always been an eclectic sort. He likes to make unusual comments, usually over Twitter. Over this past weekend, Mr. Musk mysteriously tweeted out, “What does the future hodl?”. “Hodl” is shorthand for “hold on for dear life” and the tweet was thought to be a reference to the current upheaval in
It has been over twelve years since the fraud of Bernie Madoff came to light. One of the craziest Ponzi schemes of all time, we were all shocked to the size and scope of his fraud. Billions of dollars lost. The devastation reached so many people, charities, foundations, and retirement plans. The saddest part
JPMorgan Chief Jamie Dimon’s 66-page annual letter to shareholders came as an early gift last week ahead of big bank earnings. Don’t worry, I’m not going to give you a spiel the same length as the letter. Relevant short highlights will suffice. The CEO’s report included things like lessons learned from his leadership since
