Dear Reader, Saturday late afternoon I was sitting back reading a book, trying to calm my excitement about this week’s trading… All the sudden my phone dinged with a text out of nowhere… I looked and it was from a colleague. Here’s what he wrote: A friend of mine arranged for me to come to […]

I’ve been harping on the problems a surging U.S. dollar might present not only for stocks but for the global financial system. By golly, I think dey did done gone broke it. Currency markets are now in complete crisis mode. Stocks tried to rally this morning as the June low held and oversold readings were […]

On Wednesday, I wrote… “My worry is the surging dollar. A strong dollar is somewhat helpful for U.S. consumers… but mostly bad for everyone else. It hurts the profits of multinational corporations. For other countries that have seen their currencies drop some 20%-30% vs. the dollar, it means they are importing inflation. We may need […]

Dear Reader, Over the weekend I sent an email asking for a favor… I asked if you would email me and tell me if you trust the Fed to lead the economy through the current situation that we are facing. (You can still give me your thoughts by sending an email to steve@adammesh.com) I will […]

I try not to editorialize too much in this space, but today I’m going on a small screed. I simply want to ask… What the hell is the Fed doing? No need to bury the lede; Chairman Powell should raise rates a full 1% (100 basis points) next Wednesday and then shut up and stand […]