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Investing

Monty Pelerin’s Market Posts

Weekly Returns

This past week there was little movement in the tracked securities. The changes do not appear meaningful in the sense that they are anything more than random noise. Here are the results: Week Ended 11/18/2022 CLOSING PRICES   ASSETS 7/26/2022… 

Largest Lottery in History

Last weekend, someone won the largest lottery in history. But that statement is correct only if you limit “lottery” to Powerball tickets. Broadly speaking, the stock market is the largest lottery. That government runs both should be concerning. Evidence shows… 

Especially Exciting Week in Markets

The week ended November 4 was especially exciting. Chairman Powell announced another 0.75 basis point increase last Wednesday, expected by markets. Interestingly, markets appeared to ignore his announcement with an initially powerful move upward. Powell’s post presser drove them down… 

Powell as Man of La Mancha

Is Chairman Powell truly serious about stopping inflation? Is he the man for the moment or merely a modern day version of the Man of La Mancha, tilting at windmills? Something clearly seems strange. Chairman Jerome Powell is a veteran of…