No. of Recommendations: 4
interesting about a possible MSFT buy out. Would it be allowed by the feds, monopoly concerns? Because it seems an obvious move for Microsoft, they can eventually integrate it into Excel. Present MSFT management seem more open to new ideas than it was in the Ballmer days.

I sold down several stocks pre earnings, worked out well in most but not all. Where it didn't work the bad general market has meant prices are not up much. So I have some excess cash at the moment.

I still think the most likely event is that the market bull is just taking a rest like in 2015- 2016 and is not dead. t do not have a great deal of conviction in that guess.

Who can know for sure what is in the mind of the Fed ,but I do not see much hard evidence of enough inflation or a stock market bubble to warrant continued increases in short term interest rates through 2019.
And monitoring economic change via sites like https://fred.stlouisfed.org/series/LREM64TTUSM156S shows the economy still looks good

https://tradingeconomics.com/united-states/inflation-cpi does this look like the beginnings of runaway inflation?

In fact I believe that the reason why the Fed is tightening is not because of their charter to fight inflation and to decrease unemployment, but rather so they will have some conventional tools available for loosening in the next recession.
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