Canceling the Noise; Not by Bread Alone: Part XVII

by John E. Charalambakis | Dec 6, 2022 | Commentaries

What kind of conclusions could we draw by looking at the two images below? The first one relates the economy’s orders to the S&P 500. Orders could be considered a leading indicator regarding forward earnings for S&P 500 companies. The downward trend of 2022...

Preparing for 2023: Will it be Atë’s Chaos or an Orderly (Dis)Equilibrium that seeks its Metis and the Logos?

by John E. Charalambakis | Nov 29, 2022 | Commentaries

Over the course of 25+ years, we came to believe that inflation was dead, there was no alternative to stocks, interest rates will stay low forever, tech companies’ stocks will shield our portfolios from downturns, and that the big daddy, a.k.a. the Fed, will take care...

Canceling the Noise; Not by Bread Alone: Part XVI

by John E. Charalambakis | Nov 4, 2022 | Commentaries

Wednesday evening, I was reading an editorial praising Chairman’s Powell performance following the Fed’s decision to raise rates by another 75 bps. “One for the hawks, one for the doves,” it said. Marvelous I pronounced! Having one foot in one boat and the other in...

The Fifth Voyage of Gulliver: The Vortex of Instability

by John E. Charalambakis | Nov 1, 2022 | Commentaries

John E. Charalambakis Jonathan Swift’s marvelous work of Gulliver’s Travels is full of subliminal messages regarding geopolitics, statecraft, rationality/irrationality, and intrigues where trivial issues promoted by fanatical incompetent idiotic characters become the...

Canceling the Noise; Not by Bread Alone: Part XV

by John E. Charalambakis | Oct 11, 2022 | Commentaries

John E. Charalambakis Could we see another 15%+ market downturn? Absolutely.Could the bond market illiquidity issues get worse? Yes, they could.Could the Ukrainian war expand and undermine European (and not only) security? The chances are rising every day.What is...