Kenny Polcari! Welcome home and Happy Birthday!!!! I love having older friends!!!

Per the Bloomberg charts below: The move higher so far this morning in yields on US government bonds. #economy #markets #bonds

Santoli-The work of a pullback in a bull market is to unwind over-aggressive positioning, drain excess optimism, reset expectations and take prices down to meet fundamental buyers’ conviction. EXCELLENT!!! Well done Mike!!!!!

Honored to be on Power Lunch today!!! Caution is the rule and complacency is the danger, says Hightower's Mich... youtu.be/7PTV5vSpHbY?si… via YouTube

Gold $2,438! New high! Someone’s worried about inflation and/or the Fed’s control of the long end of the curve. Pay attention.

"What do you think is more important to the macro-market: Nvidia or the Federal Reserve?" Brian Sullivan asks Michael K Farr after the chipmaker posted a blockbuster quarter. $NVDA

📈 Michael K Farr Pres-Farr, Miller & Washington & Chief Mkt Strategist Hightower dives into the current mkt trends. Discover why the market-cap-weighted S&P 500 is outperforming the equal-weighted index and what this means for your investments. linkedin.com/posts/anthony-…

My heart is breaking for President Biden. If the rumors are true, let’s be compassionate. A good man who has devoted his life to serving his country. Regardless of your party, this is a human moment. This is as tough as it gets.

10 years ago! Nothing changes ever! Stay invested!!

Dow is down 325 points but Nasdaq is up 21%. Goldman calls for 3% returns for ten years. I’ll be on CNBC at 2:30 to discuss why Goldman may be wrong. Please join us!!! And wearing my Betty Ann Crovato pink tie!!!

Michael Farr releases his annual top 10 stocks for the year ahead cnbc.com/2024/12/31/mic…

Always great to join Michael K Farr on his excellent Farrcast Podcast, this time discussing Donald J. Trump, NATO, Russia, Ukraine, & more. open.spotify.com/episode/34N4yY…

⁦Michael K Farr⁩ , CEO of Farr, Miller & Washington and Chief Market Strategist for ⁦⁦Hightower⁩ , dives deep into the economic landscape during the Biden administration in his latest article. linkedin.com/posts/anthony-…

Fed research models the impact of a 20 pp increase in trade costs for all Chinese imports. Inflation rises by 0.5 pp over the first year. The increase in final goods prices is largely unwound after a year, but inflation remains persistently higher after that (by 0.1 pp) because

This is rough, but disciplined investors are looking to buy. Dollar cost averaging is worth considering. Peace, Michael

China 34% tariff. Dow Jones futures are down -1,430 or -3.3%. S&P and NASQAQ also down about 3.5%. Stay disciplined. Don’t panic. If you have money to invest, you begin to invest. Stocks are on sale. Dollar cost average. You never know when the next tweet reverses everything.

This sell off is running out of panic. While these pauses can gather additional momentum, we could be seeing a bit of a bottom. Temporary or not? Time will tell.

Make no mistake. Global tariffs are substantial tools that can severely impede commerce. The longer they’re in effect, the closer a global economic contraction. Everything has consequences. Let’s hope the administration gets the results it wants quickly! Hang in there.

JP Morgan… Congressional testimony in 1912: The first thing [in credit] is character … before money or anything else. Money cannot buy it.… A man I do not trust could not get money from me on all the bonds in Christendom. I think that is the fundamental basis of business.

The economy is basically healthy. Resilient if not robust. The Big Beautiful Bill is significant but more of a distraction from the fundamental huge suck of an unsustainable entitlement spend. There is a solution but zero political courage to address it.