Annex Wealth Management

The retail spending report yesterday was strong. Today, PPI came in higher. So were initial jobless claims. This isn’t data the Fed wanted to see.

Traditional TV’s daily average is just under 3 hours. Streaming is expected to jump to 3 hours and 11 minutes. Not a huge margin—but a symbolic passing of the torch.

The Fed has a dual mandate. Maximum employment and price stability. It is 1 for 2 there. But the labor market continues to be incredibly tight and isn’t helping by producing broader inflationary pressure.

Dan and Dave chat about Rhianna's Super Bowl show, a couple of interesting commercials within the broadcast, and why China still matters despite sending balloons over North America.

Financial conditions have changed for now, but the inverted yield curve shows up twice: as a weakness and a threat. Fixed income continues to be very attractive.

The yield curve is the most inverted it’s been since the 1980s, which historically suggests a recession is imminent. Annex Wealth Management's Dave Spano and Derek Felske discuss why that may not be the case – and talk bull vs. bear perspectives.

Putting the password genie back in the bottle isn’t easy. But it’s coming.

The newest shiny objects in the tech world are any kind of artificial intelligence or AI chatbots. ChatGPT is the current darling with over 100 million users during January. Partnered with Microsoft which is pouring in $10 billion—it caused a Red Alert over at Google.

Last year—one category stood out. Cryptocurrency. We saw spots from Coinbase, eToro, Crypto.com, and the star of the show, FTX. Fast forward to Sunday. Not one crypto ad. Zero. Zilch.

Was Friday's stellar jobs report good---or not so good? Depends on who you ask. Plus, Dave hauls out a quote from The Godfather regarding news from the economy.