The Lowry Letter®

Week of 5/25/2023

As Brad McMillan explains, there continue to be reasons for optimism in the debt ceiling impasse. There is enormous incentive for lawmakers to make a deal, especially as the consequences of a true default can have electoral consequences.

In other economic news, retail sales were better than expected in April.

JP Morgan’s David Kelly provides an excellent review of Federal Reserve Policy, where they might go, where they should go, and more.

Golf club professional Michael Block was the Cinderella story of this year’s PGA Championship. He qualified for the tournament and managed a top-15 finish to secure an entry to next year’s event. Even better? He landed a hole-in-one to help him get there.

Analysts have completed the first full-sized digital scan of the Titanic wreck, which will provide better ways of understanding what happened to the ship.

According to a psychology journal, there is no evidence that some people are either audio or visual learners.

Ask the Joes® (and Cale) looks at whether pre-tax or Roth contributions are a better fit.

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