Author: Johnny Russell, CFA ®
Discounted Cash Woes
Discounted Cash Woes It’s earnings season on Wall Street, an opportunity for investors to peer into the latest financial results of publicly traded companies. When...
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Economic Tug of War
Economic Tug of War On Wednesday August 10th, the stock market rallied on news that inflation, as measured by the Consumer Price Index (CPI), may...
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Stock Review: Booking Holdings
Stock Review: Booking Holdings Broad stock market indices have been under pressure through the first half of 2022. As the indices slide (see the chart...
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The Macro Mood
The Macro Mood Even before Russia invaded Ukraine, inflation (as measured by the Consumer Price Index) was touching levels not seen in the U.S. since...
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Stocks Don’t Always Go Up
On December 27, 1999, Microsoft closed the day at $59.56 per share (split-adjusted). When the dot-com bubble burst in the ensuing months, it ultimately took...
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Where Does the Market Go From Here?
Where Does the Market Go From Here? Wall Street strategists, economists, and market gurus are in the process of sharpening their pencils and publishing market...
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The Price Is Never Right
“We must look at the price system as such a mechanism for communicating information if we want to understand its real function…” F.A. Hayek, The...
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Money, Credit & Crypto
Money, Credit & Crypto Money has taken on innumerable forms throughout history. Whether it’s been salt, tea, spices, rice, potatoes, bullion, bank notes, or even...
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A Window into the Economic Recovery
A Window into the Economic Recovery It can be instructive to zoom in on a business and use “micro” economic data to take a pulse...
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Stock Review: VMware
“There is no doubt that the cloud is one of the most significant platform shifts in the history of computing… However, as industry experience with...
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