One And Done-ish?

One And Done-ish? By Peter Tchir of Academy Securities One and Done-ish One and Done seems to have been priced in, and we “kind of” got that, though I’ll call it “Donish”. They will decide what to do in June for the June meeting (seems like what they should do at every meeting). So, we


Schools ban backpacks over gun concerns

A Michigan district and a Florida school have banned backpacks due to gun concerns, according to local news channels. The Flint Board of Education voted unanimously Tuesday night to ban backpacks after two incidents the prior month caused the school to be shut down for two days, according to the New York Post. In Marion


The Path to Full Stagflation

In an article last week, I referred to the combination of rapidly slowing US economic growth and persistently high inflation as “stagflation lite.” Despite receding from the highs of last summer, inflation remains near its highest levels in decades as disinflation (particularly in services) has recently slowed to a crawl. Meanwhile, US economic growth has


Regional bank stocks plummet following First Republic collapse

Regional bank stocks declined on Tuesday following the collapse of First Republic Bank the day prior, the second-largest bank failure in U.S. history and the third major lender to fall this year. PacWest Bancorp and Western Alliance Bancorporation shares were down 20% late Tuesday, while shares of Zions Bancorporation, Comerica Incorporated and KeyCorp declined about 10%. Federal regulators took ownership of the