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Latest Insights on PNC

Goldman Sachs aside, the financial sector is struggling. Low interest rates, while good for the gander, are not always good for the goose. Goldman Gains; Fargo Forgotten; B. of A.? No Way
by Joseph Hargett October 14, 2020 Great Stuff
Welcome to the Bank Parade When I was a young trader, my father took me to New York City to see a banking man. He said: “Son, when you grow up would you be a trader at Goldman Sachs, Morgan Stanley or Citibank?” He said: “Will you defeat them, your losses and all the market […]
Holy cats! It was a busy Friday: consumer spending, blocked Huawei, Chinese threats, virus testing, bouncing banks? That’s quite a smorgasbord of market-moving data. Retail Weeps, China Creeps, Bankers Beat and Testing Sleeps
by Joseph Hargett May 15, 2020 Great Stuff
Friday Four Play: You Down With PPT? Holy cats! It was one busy Friday. I mean, we had a literal smorgasbord of market-moving data … all in one day: Consumer spending set another record in April, plunging 16.4%. President Trump blocked semiconductor shipments to Huawei. China threatened to activate its “unreliable entity list.” Trump questioned […]
Consumer prices set another abysmal record for the U.S. economy. There haven’t been this many bad records since disco. Deflation at the Disco; Atomic Datadog; Musk the Martyr
by Joseph Hargett May 12, 2020 Great Stuff
Wall Street Spins Records This year is all about spinning records. Now, I love to drop vinyl on the turntable as much as the next guy. OK, probably more. There’s just a warm, nostalgic sound with records that you don’t get in today’s sanitized, digital world. But the U.S. economy hasn’t exactly dropped the decade’s […]

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