Tony is best known for the practical application of macro data. He will use his 30 years of experience to evaluate what data matters and how you can apply it to your investment process.
Highlights • The Fed’s flow of funds data confirms that this equity bull market remains a battle between companies and investors. • The data also supports the view that the…Read More
Higher rates matter when associated with perception of credit event. Now that the 10-year U.S. Treasury (UST) yield moved through 3%, investors keep looking for theabsolute level of the 10-year…Read More
Highlights: Companies used to be net sellers of stocks, selling them to investors and using the proceeds to grow The creation of the modern junk bond market…Read More
We continue to believe the market has limited downside risk from current levels. S&P 500 (SPX) operating EPS are blowing away expectations, and the market is currently down roughly 10%…Read More