ARKK -- A One-Time Wonder? March 19, 2025

Locator: 48530ARCHIVES.

Macro-economy: the takeaway from the Fed's briefing today -- JPow -- implies — at least to me — that the Fed has no clue. Although in his prepared remarks he said otherwise, JPow’s remarks during the Q&A session suggested there would be no more cuts until at least 2027, assuming no recession. The Fed’s target on inflation is 2.6 or 2.5 in 2026 and trending toward 2.1 in 2027. Link here.

On another note, why is the Q&A with the Fed so much more civilized than the Q&A with the president of the United States?

From the link to The NYT:

Biggest economic story on my mind right now? California's budget. By this summer, this may be the #1 financial story among states. California has very little wiggle room. It already has highest tax rates; highest energy costs; highest Medicaid (Medi-Cal) costs. And an unfriendly administration.

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ARKK

One-hit wonder?

ARKK:

ARKK / the CEO of ARKK seems to get an impressive amount of exposure on CNBC. 

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Focus On Dividends

JPM. Increases its dividend by 12%.

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Texas -- LDCs

Link here.