T&C | Episode 49: Too Hot for Forbes
tmoore2023-03-14T15:42:44+00:00We discuss the topic on everyone’s mind, Silicon Valley Bank, and delve into the reasons for its failure and potential consequences. Who’s to blame, who’s not, and what comes next?
Market Commentary – Field Trip March 2023
tmoore2023-03-10T18:54:49+00:00I recently accompanied my son’s class on a field trip to something called the Exploreum. As you may have heard, good things don’t end with “eum”. Although certain facets of the trip were quasi-educational, I did take umbrage at their comparison of “playing the stock market” to casinos and the lottery:
NYSE Issuer Spotlight – Formidable ETF’s
tmoore2023-03-01T22:42:26+00:00Formidable was founded in 2013 as a wealth management firm. Our CEO and founder, Will Brown, wanted to bring a differentiated, active approach to the RIA space. When developing client portfolios, we were unsatisfied with solutions we saw in the market, especially in the alternatives space.
FLUX: February, 2023 Update – Electrifying Commerce
tmoore2023-02-11T20:30:54+00:00Formidable Asset Management (“Formidable”) has closely followed Flux Power Holdings (NASDAQ: FLUX) as part of our fundamental research
T&C | Episode 48: The New Nas-quack
tmoore2023-02-10T17:33:53+00:00We look at the self-proclaimed new Nasdaq, a.k.a., Ark, as emblematic of the ferocious return of speculation in 2023. We also look at the behavior of meme stock speculators and debate the role the Fed may or may not in fomenting speculation as it (and we) debate how restrictive policy is versus how restrictive it needs to be.
Market Commentary – The Constant February 2023
tmoore2023-02-06T16:59:13+00:00If you think our title sounds like an episode of the TV show Lost, you would be correct. Per Wikipedia, an always reliable source, “’”The Constant” is widely regarded as one of Lost's best episodes, and arguably the best episode of television produced in the 21st century.” I encourage one of our readers to edit this incredibly hyperbolic entry.
T&C | Episode 47: Molotov Policy
tmoore2023-01-30T19:36:58+00:00Will and Adam discuss the challenges faced by the Fed as it sees financial conditions easing despite its efforts to restrict monetary policy. We also analyze the health of the consumer in the world of high interest rates, low savings rates, and increasing levels of debt. The unprecedented collapse in money supply growth, and the recent spike in velocity, are addressed as well.
Market Commentary – Winning Ugly January 2023
tmoore2023-01-06T20:43:01+00:00We are going to break this month’s update into two separate pieces. First, we will recap a dismal 2022. Then, we will provide our outlook for 2023, and in some ways, beyond. If you want a little more color, we encourage you to listen to our most recent podcast.
T&C | Episode 46: 2022: The Beyond Meat Grinder
tmoore2023-01-03T20:00:22+00:00We review a challenging 2022, capped off by a December to forget for those looking for a Santa rally. The causes (Fed policy, rampant retail speculation) and effects (multiple compression, sizable capital losses) are analyzed, along with some perspective on how we are preparing for 2023.
T&C | Episode 45: Enthusiastic Meh
tmoore2022-12-09T15:37:59+00:00We give an enthusiastic meh to 2022, an anomalous year in so many ways: stocks and bonds both lower, the Fed raising rates at a historic pace, and geopolitical turmoil. We also delve into the Fed’s inflation versus recession conundrum, the consequences of capital once again having a cost, and what 2023 may hold based on our top-down process.