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Real Earnings Yield | RSS.com The problem with high inflation, for investors, is that it reduces earnings yield. In this episode, I show how. Have a happy Thanksgiving! ——— If you’re not a Kelly Letter subscriber, why not? I’d like to welcome you! Please subscribe here.
Economic Issues of 2023 | RSS.com It’s good to be back! I missed you over the past five weeks, and appreciate the many emails I received saying you missed me. The economic issues of 2023 are coming into focus. They include a US recession, sovereign debt risk, housing markets, China’s slowdown, and Europe’s gas risk. […]
The Summer Recovery is Repeating | RSS.com And for the same reason: Investors think inflation is heading lower. The Reserve Bank of Australia raised its key rate less than expected, and yields and the dollar cooled off at the beginning of this week. That kicked off October with the biggest two-day rise in the S&P […]
Feel Better: High Interest Rates Won’t Kill Stocks | RSS.com Inflation is much more important. Stocks have done well in both rising and falling interest rate environments. Inflation is the bigger danger, and the Fed is fighting it hard. Good news: Stocks do very well in falling inflation environments—and we should be heading into one. […]
How High Will Interest Rates Go? | RSS.com About as high as investors thought last spring. Emotions are running hot, bouncing from expecting the Fed to get more aggressive to expecting them to slow down, but projections haven’t changed. ——— Links to Resources Mentioned “Consumer Price Index – August 2022,” Bureau of Labor Statistics, September […]
