July 14, 2022August 21, 2022Opinions Shifting Peaks: Market Pricing the Fed at a Point in Time Several interesting conclusions stand out from the chart graphing market expectations for […]
July 10, 2022July 10, 2022Perspectives Taking Stock of the Shock • The re-valuation across equity and fixed income markets has been deep […]
June 22, 2022June 27, 2022Opinions A Joyous Equity Paradigm in Transition A longer-term view of equity prices over the past several decades shows […]
June 16, 2022June 27, 2022Opinions End of Easy Money – Sentiment Has More Downside The sharp slide in the latest Michigan consumer sentiment survey may have […]
June 3, 2022June 3, 2022Opinions Inflation Momentum Collectively Fading Financial markets are driven by momentum and over the past year or […]
May 19, 2022June 3, 2022Opinions Corporate Earnings, Tightening, and Rising Growth Concerns Several weeks ago, we suggested the market was poised to move beyond […]
May 12, 2022May 28, 2022Opinions Dip-Buyers in Hiding as Global Dollar Liquidity Rolls Over Global dollar liquidity surged in 2020 with the Fed’s $120B monthly bond […]
May 5, 2022May 5, 2022Opinions Peak Fears and Plucking Low Hanging Fruit The FOMC meeting yesterday was notable less for the fact that the […]
April 28, 2022May 5, 2022Opinions Aggressive Tightening in a Late Cycle Bond Market There are lots of ways to animate the extreme level of accommodation […]
April 25, 2022April 25, 2022Opinions Fed Tightening – Revisiting the Rate Gap The end of financial repression can have swift consequences that are now […]