June 2023

The Wall Street Journal’s Nick Timiraos – known as the “Fed Whisperer” for his insight (or access) into the inner workings of the central bank – warns what we here at Porter & Co. have been telling readers for months: the Fed finds itself “between a rock and a hard place” today (from The Wall Street Journal on June 12)…

Posted onAuthorPorter & Co.

Federal Reserve Chair Jerome Powell finds himself in a place no central banker wants to be: working to avert a credit crunch, which calls for looser monetary policy, while fighting high inflation, which demands the opposite. Strains in the banking industry, which followed the collapse of three midsize lenders this spring, help explain why some
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U.S. jobless claims continue to signal that the labor market is gradually weakening (from Reuters on June 22)…

Posted onAuthorPorter & Co.

The number of people filing for state unemployment benefits for the first time held steady at a 20-month high last week, remaining elevated for a third straight week in what may be an early indication of a softening labor market in the face of the Federal Reserve’s aggressive credit tightening. Data from the Bureau of
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Legendary fund manager Peter Lynch recently shared his thoughts on how investing has changed since he retired from managing money in 1990 (from Yahoo! Finance on June 20)…

Posted onAuthorPorter & Co.

What are the biggest changes for investors today since you wrote [One Up On Wall Street]? Data is more available now. The things I was talking about are a lot easier for average folks now, people who want to do some work. Back 35 years ago, we all, say, it was Nike, used to wait
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