September 3, 2022September 3, 2022Opinions Jobs and the Meaning of Wage Pain The market has appropriately re-priced the Fed in the wake of the […]
August 21, 2022August 21, 2022Opinions Managing the Sting of Quantitative Tightening This chart gives us a different way of revisiting the adjustments underway […]
August 13, 2022August 21, 2022Opinions Exuberance With No Victory Lap This chart is on my mind as the rebound in risk appetites […]
August 6, 2022August 21, 2022Opinions July Jobs Fits the Fed (Fear) Narrative The July jobs data will make Fed efforts to jawbone rates expectations […]
July 28, 2022August 21, 2022Opinions Reprieve in the Higher Rate Cycle Nominal 10-year yields have hit their peak, if not of this cycle, […]
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 […]