Notes on the Market

Are We in for a Market Correction?

A growing set of serious valuation metrics reveal a deep disconnect between equity prices and long-term value

Nov 14 • 

Michele Chiacchio, CFA

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October 2025

When the Engine Stalls: Cracks in the Auto Industry

From subprime delinquencies to falling used-car values, stress is spreading across the auto sector, a warning sign for the broader consumer credit…

Oct 21 • 

Michele Chiacchio, CFA

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Cracks in the Credit Boom

The recent bankruptcies of Tricolor Holdings and First Brands Group have raised fears of contagion—but are these failures signs of systemic risk or just…

Oct 15 • 

Michele Chiacchio, CFA

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The K-Shaped Economy

From job creation to consumer spending, the data points to a widening gap that challenges the durability of U.S. growth.

Oct 7 • 

Michele Chiacchio, CFA

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September 2025

What If the Massive AI Spend Doesn’t Pay Off?

Companies in the U.S. have been shelling out records amount of capital on building out AI, and it's not just Big Tech. What happens if the large Capex…

Sep 30 • 

Michele Chiacchio, CFA

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Investment Memo #1 Part 2: Utah Medical Products, Inc. (NASDAQ: UTMD)

The investment model: LBO or Active Value

Sep 24 • 

Michele Chiacchio, CFA

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Stagflation Risks in the Economy

Inflation remains uncontrolled and the fed just lowered rates on concerns for the job market, does this mean a real risk of stagflation?

Sep 22 • 

Michele Chiacchio, CFA

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Charts of the Week: The Fed's Current Predicament

The data behind the Fed's "risk management cut" to rates

Sep 19 • 

Michele Chiacchio, CFA

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Investment Memo #1: Utah Medical Products, Inc. (NASDAQ: UTMD)

UTMD, headquartered in Utah, is a profitable medical devices company that makes critically important fetal monitoring accessories, vacuum-assisted…

Sep 18 • 

Michele Chiacchio, CFA

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Inflation Is Still Above The Fed’s Target

The economy is not out of the woods yet, inflation is still running hot (but not burn yourself hot) by the Fed’s standards and we could see a…

Sep 17 • 

Michele Chiacchio, CFA

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The Official Launch, The Economy Might Be Better Off Than You Think, and The Risk of Re-Inflation

Welcome to Notes on the Market, the economy just might be doing better than we think, however, there is a risk of inflation reigniting.

Sep 16 • 

Michele Chiacchio, CFA

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January 2024

Welcome to Notes on the Market

Coming soon

Jan 13, 2024 • 

Michele Chiacchio, CFA