Weekly Review, May 15, 2023
Your latest headlines from last week, discussed right here
As probably the best macro trader in the world, this interview with Druckenmiller is worth every minute. He discusses the macro landscape, the pending recession, banking issues, entitlement spending and a host of other valuable topics for all investors.
While a few months old now, this is an amazing story about the rise of the world’s richest man through his luxury conglomerate LVMH.
Amazon announces plans to bring its own ChatGPT-style AI product to Amazon search.
McCarthy warns debt ceiling talks are far from over before a meeting with President Biden. Prior debt ceiling debates have mostly been a political spectacle which gets resolved in the 11th hour. Will this time be different? Often we see the market selloff into the deadline and then rally after resolved.
Is the economic slowdown finally starting to take its toll on retailers? Even home renovations retailers? Home Depot’s revenue miss is one tile in the mosaic that is starting to develop of a consumer that is cutting back.
Fed speakers are out on circuit giving mixed messages with Goolsbee saying rate hikes should likely be done and Kashkari saying the Fed has more work to do in order to bring inflation back to 2%.