Month: January 2019

Houston, We Have an Earnings Problem

We are currently in the thick of earnings season as companies are reporting their quarter ending December 31st. Expectations are for S&P 500 earnings growth of over 20% which is an extremely strong number especially considering that the previous year grew a healthy 12%. However, lapping that type of growth is going to be a challenge, and forecasts are being revised down quickly for the first half of 2019. That is why we believe there is a growing likelihood of a slight earnings recession occurring in 2019.

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Gravity Vault of Chatham | Rock Climbing to New Heights in All Aspects of Life

Andy interviews Chris DiMatteo, assistant manager at Gravity Vault in Chatham. The Gravity Vault Indoor Rock Gyms’ mission is to make everyone’s rock climbing experience a positive and memorable one, welcoming young and old, big and small, novice and expert, to challenge themselves each day.

Founded by Lucas Kovalcik and Tim Walsh in 2005, the first Gravity Vault location opened in Upper Saddle River, New Jersey and grew its programing to include memberships, private climbing sessions, birthday parties, camps, competitive climbing teams, belay classes and more. Since then, its second location opened in Chatham, New Jersey, and The Gravity Vault Indoor Rock Gyms has continued its expansion through franchised locations in New York, Pennsylvania, and beyond.

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The Central Banking Problem: Quantitative Tightening

The stock market has rallied nicely to start 2019 but we think there is a big problem. The major central banks, the Fed, ECB and BoJ, have pumped up asset prices since 2008 with a massive liquidity injection of $11 trillion. They kept interest rates at ridiculously low levels on the short and long end of the curve and investors were forced into risk assets. This grand experiment is known as quantitative easing. Now is the more difficult part called quantitative tightening, the central bankers are trying to normalize policy.

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CKO Kickboxing of Gillette | Getting in shape hitting the heavy bag

In this episode, Chris interviews Steve Johnson, owner of CKO franchises in Gillette, Fanwood and Chatham. If you are looking to get in better shape, CKO Kickboxing workouts are high intensity, 60 minute classes where you can burn up to 1200 calories!

Chris has been working out at CKO since 2017 and loves it. No workout is ever the same and hitting the heavy bag is a great way to let off steam. “”With CKO, I actually look forward to my next class and that never happened with a workout in my life. For me, it took one class and I was hooked.””

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