The members of the FOMC voted on Wednesday, May 3 announced it would raise rates by +25 bp, as most on the Street predicted. The vote was unanimous. In its previous rate hike on March 22, the Fed wrote that “the committee anticipates that some additional policy forming may be appropriate.” This time, that phrase was modified–removing the words, “the …
The Psychology of Money
March 23, 2023 in Market Intelligence, Signal from NoiseMorgan Housel and his wife needed a house. It was June 2016, and they had agreed they wouldn’t make an emotional decision on one of life’s most significant commitments. This would be their first home, where they’d celebrate Christmas morning and welcome friends to backyard barbeques. Their son was about six months old. Being patient, they decided, would be critical …
Semis, Semis Everywhere … Sometimes Too Much, Sometimes Not Enough
November 10, 2022 in Market Intelligence, Signal from Noise“One day, semiconductor demand and supply will match up – for all of 30 minutes.”– attributed to Andy Grove, former CEO of Intel (1987 – 1998) It’s difficult to think of an aspect of our daily lives that doesn’t involve a semiconductor somewhere. From the device you’re using right now to read this to the refrigerator you’re about to raid …
What Does The Fed’s November Hike Mean For Markets?
in Fed Watch, Market Intelligence“As investors, we also always have to be aware of our innate and very human tendency to be fighting the last war. We forget that Mr. Market is an ingenious sadist, and that he delights in torturing us in different ways.” – Barton Biggs The Federal Reserve held their highly anticipated November FOMC meeting on Wednesday. As expected, the world’s …