Michael Pento | TalkMarkets | Page 1
President and Founder of Pento Portfolio Strategies
Phone: 732-772-9500
Michael Pento is the President and Founder of Pento Portfolio Strategies (PPS). PPS is a Registered Investment Advisory Firm that provides money management services and research for individual and institutional clients. Michael is a well-established ...more

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January Recap And A Heads Up For March
The Inflation Deflation and Economic Cycle Model measures the liquidity impulse from fiscal and monetary policies.
2024 Outlook
This year promises to be one of the most interesting years economically, politically, and market-wise in history.
Labor Market Starting To Crack
The true fragility of the labor market can be clearly seen in the problems with payroll companies.
Bond Market Chaos To Increase By March 2024
​​​​​​​The major issue with the bond market right now is the overwhelming amount of bond issuance combined with the notable absence of the usual buyers.
The Soft-Landing Narrative Is A Myth
The US recession is merely delayed, not canceled. The soft-landing narrative is a myth.
What Is Next For Treasury Yields
While we believe Treasuries are a no-touch right now, they should begin to see big inflows once the labor market begins to crack and the recession begins to manifest.
Bond Market's Mirror Image
The U.S. debt is officially $32.6 trillion. However, the true size of government debts, including entitlement obligations such as Social Security and Medicare, is around $200 trillion.
A Pause Like None Other
While temporarily pausing in June, Jerome Powell indicated that there would be two more rate hikes this year.
What Is Really Bugging The Banks
A banking system can only function properly when certain parameters are in place.
QE-Light Forestalls Crisis… For Now
Tthe issues in the banking system are not idiosyncratic and have not been resolved at all. Indeed, the incipient recession promises that they have only just begun.
Destabilizing Debt Ensures The Crisis Has Just Begun
The Fed must bring down bond, equity, and real estate prices to win the inflation battle. However, since these asset bubbles need a massive flow of new borrowing and money printing to keep them from bursting, a soft landing is not possible.
Soft Landing, To No Landing, To Crash Landing
It is nonsense to argue about whether the economy and stock market will have a soft landing or one that doesn’t land at all. Both views are incorrect.
Four Reasons Why The January Rally Will Falter
The U.S. economy is in the eye of the hurricane right now; and the other outer eye wall is approaching as the storm is intensifying.
Monetary Lags And The Acute Recession Of 2023
That grand reconciliation of asset prices and the economy has yet to fully materialize, but it is indelibly on the schedule for 2023.
Fiscal And Monetary Policy Shocks
The monetary fuel from the government has been spent and there is no fiscal rescue package coming from D.C. anytime soon.
A Hawkish Pivot
This latest bear-market bounce was predicated on good seasonality, the hopes for a typical mid-term election boost, and the rumors of a Fed pivot.
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