Bob Byrne

The FedEx Indicator

Last week the market got a jolt from an earnings guidance report that wasn’t supposed to happen.  In the spirit of “let’s just rip the damn band aid off,” FedEx issued a pre-announcement last Thursday nearly a week ahead of its regularly scheduled earnings call. It was an ugly — and I mean ugly — report.  …

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The State of Inflation

It was a really awkward political display. On Tuesday this week, the Biden administration threw what they called an “Inflation Reduction Party” to celebrate the passage of their most recent spending bill legislative victory — the Inflation Reduction Act.  I ran through the bill briefly here. Everyone was there. James Taylor even kicked the event …

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When Monetary and Fiscal Policies Collide

California is nuts… On Aug. 25, the California Air Resources Board voted to ban the sale of gas-powered cars entirely by 2035… And it appears to be contagious… New York, Massachusetts, Vermont, Maine, Pennsylvania, Connecticut, Rhode Island, Washington, Oregon, New Jersey, Maryland, Delaware, Colorado, Minnesota, Nevada, Virginia, and New Mexico have all chosen to opt …

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