Gary Carmell
Posted in Apartments, COVID 19, Economy, Housing, Interest Rates, News, Stock Market
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Last week was brutal for retailers as major earnings announcements showed how they have been hit very hard by huge cost increases. Wal-Mart started the week off shocking the market with its very weak earnings outlook and then there was Target.
Its stock price got absolutely crushed in the wake of its results being released.
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I love the word enantiodromia. Maybe it’s because of how esoteric it is or how intelligent it makes me seem (even though I can barely pronounce it). I think the real reason I like it is that it captures a very powerful tendency in people and in cycles for people and nature to shift to their opposites.
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A little over six months ago I wrote about what was for a long time a disastrous investment that I made in a coal company that I purchased prior to Covid and subsequently dropped 80%. The post discussed many of the compelling reasons to hang on to the company because coal producers were extremely well-positioned to capitalize on very favorable supply/demand fundamentals.
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There are things you can replace
And others you cannot
The time has come to weigh those things
This space is gettin’ hot
You know this space is gettin’
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Gary Carmell
Posted in Apartments, COVID 19, Economy, Housing, Interest Rates, News, Real Estate
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At CWS we have been heavily focused on growth-oriented markets that have large in-migration due to a competitive cost of living, high quality of life, and pro-business environment. This has led us to be heavily concentrated in metro areas such as Austin,
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Gary Carmell
Posted in COVID 19, Economy, Housing, Interest Rates, Investing, Trends, Uncategorized
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There’s no question now that the Federal Reserve is in full hawkish mode. The release last week of the minutes of the previous FOMC meeting left no doubt that they are on an aggressive path to squelch inflation through demand destruction and tightening financial conditions.
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I had the distinct pleasure to once again attend the last three days of the BNP Paribas tennis tournament at Indian Wells. I purchased tickets for the quarterfinals, semi-finals, and finals for both men and women for singles and doubles. I love to observe the players in action to study how they approach their craft and adapt to different situations,
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Gary Carmell
Posted in COVID 19, Economy, Interest Rates, News, Uncategorized, Wealth
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The Fed finally raised short-term interest rates last week. The market is expecting a very fast and steep rate hike cycle as this chart shows. This is a far cry from Powell reiterating that the Fed wouldn’t raise rates until the end of 2023 at the earliest.
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I think the following headline juxtaposed with the graph below summarizes the incredible tension facing the U.S. economy. On the one hand, we have a very robust labor market producing a large number of jobs.
And yet, 10-year Treasury yields dropped like a rock after the employment report was released.
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I’m going to get on my soapbox for this post. I was talking to a friend who was picking my brain about banking relationships as he was thinking about switching banks for his business and he wanted to know about the one I use.
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