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Changes Coming for Financial Services
David R. Kotok, November 20, 2024 (The following was first published on The Kotok Report website and via LISTSERV. For details, visit https://kotokreport.com/.) Financial market agents are paying close attention to the coming reorganization of the new Congress – for good reason. Changes are coming and they may be big. Here’s a link to the…
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President Proposes; Congress Disposes. Maybe?
David R. Kotok, November 3, 2024 (The following was first published on The Kotok Report website and via LISTSERV. For details, visit https://kotokreport.com/.) “It is the duty of the President to propose and it is the privilege of the Congress to dispose.” – Franklin D. Roosevelt (https://www.brainyquote.com/quotes/franklin_d_roosevelt_396937) So, the president proposes and the Congress disposes.…
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Jacob Frenkel, Kathleen Hays, Fed’s Jackson Hole Meeting
David R. Kotok, September 4, 2024, Cumberland Advisors Co-Founder and Chief Investment Officer (The following was first published on Cumberland Advisors’ website and via LISTSERV. For details, visit https://www.cumber.com/.) There have been many, many, many reports and podcasts and descriptions and interpretations from the Fed’s Jackson Hole meeting. I want to mention just one interview.…
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CCC? Not for Me!
David R. Kotok, July 28, 2024 (The following was first published on Cumberland Advisors and via LISTSERV. For details, visit https://www.cumber.com/.) This quote was a lead item in Michael Gayed’s Lead-Lag report on July 24th: The worst of the worst credit tier, CCC-rated and below, has seen its yield spread rise by 116 basis points…