I received an email from a retired NY judge, who noted the 574-point rally in the Dow Jones Industrials as a positive response to Trump’s guilty verdict. I disagreed.

Doug Kass sent a 12-point missive on May 22, at 6:20 AM EDT. Here’s the title: “12 Frightening Charts and Tables … you will not see them being discussed in the business media today.” Doug was kind enough to give me permission to quote him on the first two items. We are not addressing the other…

Capital Alpha in Washington is one of the finest policy and political forecasting research firms, IMO. Byron Callan is their key defense analyst. He is also a friend and Camp K fishing colleague. Byron examines every state vs. state war since 1937 and recites history and astute observations in…

The minutes of the May FOMC meeting emphasized five key points pertaining to inflation risk.  These are the health of the economy, housing prices, productivity, and the balance of risks as far as policy is concerned. The fifth was the negative impact that recent inflation increases had…

I’m starting today’s commentary with a quote:

Peter Boockvar published this sentence before I did, so I will give him the origination credit.

I wish all Sunday readers and their mothers the very best celebration of their special day, which was formally established in America by President Woodrow Wilson in 1914:

I will start this commentary with a quote received from Politico Playbook on the Sunday morning after the 150th running of the Kentucky Derby, Politico wrote: 

This past week saw the release of a raft of important economic data which, in combination with the FOMC’s decision, have important implications for the path of interest rates through 2024. At the beginning of the week, we got the advance estimate of real GDP growth for Q1 2024…