Phil, Mike, and Larry discuss Energy Secretary Chris Wright’s comments about how gas prices could remain elevated until 2027 and what long-term effects this will have on the economy? They then discuss President Trump’s nominee to head the Federal Reserve, Kevin Warsh, and his desire to have the Fed adopt a new approach to measuring inflation called trimmed averages, and if this just about shifting the goalposts to make it easier to cut rates?

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As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry discuss the stock market’s huge rally on the possibility of a peace agreement in the Iran War, even though the aftershocks of the oil crisis haven’t hit yet and will potentially affect the global economy in a negative way. They then talk about the abrupt resignation of the SEC’s head of enforcement, just six months into her term, raising questions about the agency’s ability to root out financial wrongdoing.

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As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry discuss how the Iran War caused the latest jump in inflation, how much higher they expect inflation to rise, and what this will do to the U.S. economy. They then talk about the private credit market which is facing an unprecedented surge in withdrawal requests from their investors and why this is happening.

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As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry discuss Bloomberg and Forbes both quoting Phil last week on what he think about large-cap technology stocks with all the volatility at this moment. They then talk about  last week’s jobs report, which exceeded economists’ expectations threefold, and what this means for the market going forward.

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As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry discuss the recent ruling that found social media company Meta and video streaming service YouTube negligent in a landmark case that said their products were addictive, and what affect this will have on the broader social media industry. They then talk about the rare occurrence when all three stock market benchmarks fall below their 200-day moving averages at the same time, which happened last week.

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As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry discuss the rising price of oil as the Iran War continues and the roller coaster ride we’re seeing in the stock market. With most of the stock market ‘s benchmark indexes falling nearly 10%, which indicates a market correction, they ponder whether the stock and bond markets will continue to fall. They then talk about why the prices of gold and silver are falling even as inflation is rising.

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As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry discuss the sharp revision down in gross domestic product, the missed expectations, the rise in the Federal Reserve’s preferred gauge of inflation, the rise in the price of oil, and the outlook for interest rates. Will they go higher? They then talk about the biggest macroeconomic risks facing the U.S. economy right now?

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As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry discuss the price of oil climbing as high as $130 a barrel and what the repercussions for the global economy will be if the price stays above $100. They then talk about how the Federal Reserve will react to Friday’s jobs report which showed nonfarm payrolls fell by 92,000 in February, one of the largest declines since the pandemic, and the unemployment rate rose to 4.4%, combined with fears the energy markets will drive inflation higher.

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As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035. 

Phil, Mike, and Larry discuss a theory that the U.S. bombing of Iran over the weekend, combined with the attack on Venezuela, are part of a strategy to cut off oil supplies to Cuba and China, with the hope of overturning Cuba’s government and China’s economic growth. They then talk about Iranian drones attacking oil refineries in the Mideast and what the significant risks to the global economy are right now.

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As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

Phil, Mike, and Larry talk about the Supreme Court’s ruling that President Trump’s tariffs are illegal. They delve into the potential for the government to unwind trade deals and pay billions of dollar in refunds, as well as the president’s new tariff regime. They then talk about what effect the State of the Union will have on the economy.

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As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.