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Wage Inflation may Force Central Bankers to Produce a Harder Recession than Most Currently Model into Investment Forecasts.

Reports that Waffle House employees demand a starting wage of $25 per hour bodes ill for the US economic fight against inflation. A number of Waffle House Restaurants staff, negotiating under the Union of Southern Service Workers, have gone on

Posted in Open Blog

Gnostic Capital Portfolio Return for the Fiscal Quarter Ended 09/29/23.

The fiscal quarter was all red ink for the major indices. The S&P 500 declined by 3.6%, the DJIA fell by 2.6% and the NASDAQ Composite Index declined by 4.1% for the third quarter of 2023. The Gnostic Portfolio was

Posted in Open Blog

BJ’s Wholesale Club Holdings (BJ-NYSE, $71.51) Scoops Costco on the Hottest Retail Development Site in North Carolina.

The 100 + acre Southern Pines retail development is preparing to add BJs Wholesale Club to the list of prospective tenants. https://www.bizjournals.com/triangle/news/2023/09/13/bjs-wholesale-starbucks-morganton-park-south.html When completed, BJ’s Wholesale will report more locations in North Carolina than does Costco. Of perhaps greater competitive

Posted in Open Blog

The Pitfall of Cherry Picking.

“Two Heads are better than one.” “It Takes a village to raise a child.” “It takes 2 flints to make a fire.” “If you want to go fast, go alone. If you want to go far, go together“. These quotes

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Grupo Comercial Chedraui (CHDRAUIB-MX, $5.92) to be Added to the S&P/BMV IPC Equity Index Effective 09/18/23.

Effective September 18th, 2023, Grupo Comercial Chedraui will be added to Mexico’s representative equity index covering the top 100 companies in Mexico by market capitalization. Inclusion forces pro-rata equity participation by any passive fund or ETF that seeks to mirror

Posted in Open Blog
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