The Pomp Letter: The Public Market Pivot
For most of the past 15 years, interest rates have hovered near historic lows. That’s punished savers keeping cash in the banks. Or bondholders. But
EXPLORE A PERSPECTIVE
For most of the past 15 years, interest rates have hovered near historic lows. That’s punished savers keeping cash in the banks. Or bondholders. But
There’s an old Wall Street saying: They don’t ring a bell at the top. Bull markets tend to end on wild speculation. On the
While markets hit new all-time highs, investors remain flush with cash. Besides holding cash on the sidelines, homeowners are sitting on record equity. Since the
The global financial system is centrally planned. A big part of that planning comes from central banks. They decide how much of a currency is in
During the pandemic, the U.S. government printed trillions of dollars. Much of that money went to keep companies operating. Some of it went out in
Gold prices continue to trend higher, with the metal moving over $2,400 in the past few days. Gold is now up over $600 per ounce
Markets move in cycles. From their lows, investors start off skeptical. Many miss out on the early part of a rally. As the rally continues, more
Gold prices continue to remain near their all-time highs. After setting new highs in most other currencies last year, gold closed in on $2,400
With interest rates at their highest level in 15 years, those who are undertaking new debt today are paying a hefty price. However, inflation also remains
While most investors may focus their investment ideas on the stock market, financial markets are driven by something more fundamental. That something is the U.S.
Interest rates remain near their highest level in 15 years. That’s good news for savers, as today’s rates can offer a real return after
Financial markets are still reeling from the recent bout of inflation. That inflation resulted from a number of factors. But the largest and most important was