Bob Byrne

Walmart Saves the World?

Recognize this quote? Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy. Without price stability, the economy does not work for anyone. It’s been in pretty much every one of Jay Powell’s last four FOMC statements. (Pretty much verbatim too!)  So given the Chairman’s insistence that the …

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Earnings Update: Three Reasons This Miner is About to Shine

7.7% That was the headline CPI print this week that sent the Nasdaq soaring over 7% in a single day!  Granted, there were still some big numbers in the BLS’ report: Groceries were up 12.4%, energy commodities rose 19.3% while energy services popped 15.6%. Transportation services likewise were up 15.2% (almost certainly as a result …

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