A failed coup in Russia but there is more to come Published by Hilliard MacBeth on Jun 30, 2023 The head of the Wagner Group, Yevgeny Prigozhin, staged a coup or mutiny, making accusations about Russian army leadership and the conduct of the war and threatening to bring 25,000 of his mercenaries to Moscow. But he backed down and is now in exile... Read more
The bear market is still with us Published by Hilliard MacBeth on Jun 23, 2023 The bear market that started in early 2022 is still intact. Many pundits are making noise about a new bull market, but it is best to ignore those people. The stock market has not completed its full correction yet. What indicators confirm the bear market?... Read more
The Fed remains committed to fighting inflation Published by Hilliard MacBeth on Jun 16, 2023 The Federal Reserve delivered a “hawkish pause” this week. The Fed funds rate was held steady, as the Fed continued to tighten monetary policy and suggested that further rate hikes are inevitable. Will the Fed stay the course until inflation is at its... Read more
The Bank of Canada turns hawkish again Published by Hilliard MacBeth on Jun 09, 2023 The Bank of Canada delivered a surprise rate hike to 4.75 percent on Wednesday, reversing an April 2023 decision that paused the interest rate hiking cycle. As a result, mortgage rates, prime lending loans and almost everything else in the debt business... Read more
Artificial intelligence is generating a stock market frenzy Published by Hilliard MacBeth on Jun 02, 2023 The latest investment hype is based on widespread investor interest in Artificial Intelligence (AI). Nvidia, a company that makes computer chips for AI, is trading at huge multiples of earnings that have only been seen in extreme bubbles like the dot-com... Read more