Lead-Lag Live Rates vs Reality: David Busch on Fed Signals, Inflation, and Positioning for Year-End
Sep 4, 2025
David Busch, CFA and Co-Chief Investment Officer at Trajan Wealth, shares his expertise on navigating today’s turbulent financial landscape. He delves into the Federal Reserve's recent signals and their impacts on market expectations. David contrasts the contrasting trends of CPI and PPI, highlighting their implications for investors. He addresses the growth versus value equity dilemma and warns of potential weaknesses in consumer data. Additionally, he presents an intriguing case for intermediate-term bonds as a unique investment opportunity amidst current volatility.
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Candy For Clean Energy On Long Drives
- David Busch describes using Energy Rocks popping candy for clean energy on long drives and late nights.
- He praises no jitters, low sugar, and flavors like pineapple, mango, or cherry berry.
Powell Is Data Dependent
- Jerome Powell remains explicitly data dependent in his public remarks and posture.
- David Busch interprets Jackson Hole as leaning dovish but still conditional on incoming data.
PPI Leads CPI With A Lag
- Producer price spikes often feed into CPI with a one-to-three month lag in many sectors.
- David Busch warns PPI strength can translate into higher consumer inflation over the next few months.