What Did We Learn This Week? (01/19/2023)–Soft Landing or Imminent Peril
This week Tim explores if the Fed’s latest moves have set our economy up for a soft landing or if all of the other factors pressuring today’s economy are too much to overcome a recession.
What Did We Learn This Week? (11/29/2022)–Finding the Positives
This week, Tim looks at the key question every investor and fiduciary may ask themselves before making a market decision, where could I be wrong?
What Did We Learn This Week? (11/11/2022)–Mild Stagflation
This week, Tim discusses the recent CPI report and how stagflation may come to more of a forefront in the coming months and how mild stagflation will become the new reality.
What Did We Learn This Week? (11/4/2022)–Elusive Pivot
This week Tim discusses the Fed decision to raise the target rate 75 basis points and the long-term implications of today’s inflationary cycle.
What Did We Learn This Week? (10/20/2022)–60/40
This week Tim discusses the long-term view on the 60/40 portfolio. The traditional success of a 60/40 equity and bond allocation has been undermined by elevated inflation over the past year. While inflation will come down over the coming months, the secular risks such as deglobalization and aging demographic will lead to a more inflationary environment over the coming decade. The result is that a more defensive allocation that includes principal protection is warranted.
What Did We Learn This Week? (09/29)—Supply constraints are secular
In this week’s article, Tim dives into recent treasury yields. Arguing that while the near term inflation numbers may ease, the long-term effect of supply induced inflation is a secular issue.
What Did We Learn This Week? (09/22)—The New Labor Renaissance
In this week’s article, Tim discusses the changing labor market in the US, the rise of union popularity and whether today’s inflationary pressures are secular or cyclical.
What Did We Learn This Week? (09/08)—The End of China’s Disinflation
In this week’s article, Tim discusses the implications of the seemingly growing alliance between China and Russia, making the case that there is risk that deglobalization could accelerate as geopolitical tensions rise.
The Seven Drivers of Inflation
In this video, WealthVest's Chief Investment Strategist Tim Pierotti sits down and covers the seven main drivers of inflation in August 2022. Being aware of the main causes behind today's inflation can help guide where we could be going moving forward and what pressures the US Economy could experience in the future.
What Did We Learn This Week? (07/21)—Tim Pierotti, Chief Investment Strategist
As anyone who has been a reader of our work knows, we believe that there are several distinct structural forces that will lead to higher long-term inflation. We’ve written about energy underinvestment and declining productivity as contributors to the thesis. This week, we want to throw another factor onto that list and this one is more counter-intuitive than those previously discussed: declining populations. I say counter-intuitive because, like many, I had always looked at the example of Japan as evidence that declining populations would yield declining inflation.