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Learning Every Day – CPI vs. PCE

Learning Every Day – CPI vs. PCE

Glenwood Insights

CPI* vs. PCE** The “CPI” (Consumer Price Index) gets major attention and is often cited in the headlines and among the media and talking heads as if it’s “the” measure of inflation.  And market watchers often cite CPI movements as a predictor of Federal Reserve...
Believe Nothing You Hear…

Believe Nothing You Hear…

Glenwood Insights

“Believe nothing you hear, and only one half that you see.” – Edgar Allan Poe We’ve all heard financial commentators on TV and podcasts declaring, “The easy money has been made.” We strongly dislike that phrase because, first of all, there is no “easy money” in...
It’s About Time

It’s About Time

Glenwood Insights

(Time & Patience, that is) After peaking at the very start of 2022, the US equity market suffered a brutal bear cycle that also hit bonds and other asset classes. But now, almost two years after peaking, stocks are back to all-time highs when accounting for total...
Where Are We Now?

Where Are We Now?

Glenwood Insights

Some of you will recall that in October, 2022, we could not help but have the below image in mind as the Federal Reserve Board drove their narrative toward a breaking point that we thought they would regret:  A stated goal of raising the level of unemployment...