Goldman Archives - Capitol Development Account

A QUIET DAY AND BLACKROCK’S INFLATION COMMENTS

Markets were quiet as the tussle between economic optimism and inflation concern continued to play out. Energy led the market as crude is at the highest level since ...

03 June, 2021

NOVEMBER’S JOBS DATA FRIDAY…AND MARKET FRAGILITY

Friday the all-inclusive employment data is released. Data has surprised on the upside for every month since March for the exception of one. To write the obvious, job growth is ...

30 November, 2020

A MARKET OF FIVE

The market has retraced its March lows. The issue at hand, according to Goldman 61% of this retracement is the result of only five stocks. Most have opined that today’s market is the most ...

19 August, 2020

MUSING ABOUT A COVID VACCINE AND THE CONVENTION

Perhaps the most imperative question of the day is whether or not a COVID vaccine is at hand. And if so, will it turbo-charge the economic recovery already underway?...

18 August, 2020

EARNINGS AND FED PRESIDENT ROSENGREN

Fourth quarter earnings season is about to commence. According to Goldman, results are expected to increase by the smallest amount in three years, commenting further margin pressure may continue for the foreseeable future for a myriad of reasons. ...

14 January, 2020

“WHERE TO?”

Where to? During the last 45 days it appears everything is going wrong at once. Commodities led by a record plunge in oil, have been crushed. In equities, the FAANG complex is down about 25%. Debt markets have been rattled by the turmoil engulfing GE...

19 November, 2018

What Happens if Nominal Growth [Inflation Plus Real GDP] Spikes to 8%. Is This an Outlandish Thought?

Last weekend I watched Ground Hog Day, thinking is this not occurring in the equity markets? Every day it is the same narrative. The Fed may/may not increase interest rates. Oil is going to continue to drop. China is going to bring the...

15 September, 2015

I Like Many Thought Last Year’s Plunge in Energy Prices Would Translate into Stronger Retail Sales. It Did Not Happen.

I like many thought last year’s plunge in energy prices would translated into stronger retail sales. It did not happen. Bloomberg writes sales from 66 of the 84 companies in the S & P 500 that rely on discretionary consumer spending are only up 0.5%....

15 May, 2015

The Financial World was Totally and Utterly Stunned by the Swiss National Bank’s Surprise Decision to Abolish its Three Year Old Policy of Capping the Swiss Franc Against the Euro.

The financial world was totally and utterly stunned by the Swiss National Bank’s surprise decision to abolish its three year old policy of capping the Swiss franc against the euro. Bloomberg reports it was only three days ago the SNB would not abandon this policy...

16 January, 2015

Can the Negative Energy Narrative Become Even More Intense and Myopic, a Myopicy Fueled by a 16% Drop in Crude in Just Six Trading Days?

Can the negative energy narrative become even more intense and myopic, a myopicy fueled by a 16% drop in crude in just six trading days? Yesterday Goldman commented oil can fall to $40/barrel or another approximate 18% -20% from Friday’s close. Will this forecast become...

13 January, 2015