A historical look at Rates, Debt, and Real Liquidity
We continue to believe the summer rally has further to go as bond yields stabilize after a historically poor performance.
Read MoreReviewing our reasoning for “a” bottom
The angst among investors is palpable. In late April we dipped our toe back into the market for a bounce like what took place after the initial Fed induced…
Read MoreMy thoughts as tumultuous activity continues
Continuing the trend of recent weeks, the ramp off the low late Friday has been reversed in the early going on the back of a poor EPS report from…
Read MoreVideo – Wrapping up another tough week
In this short video we discuss the current string of weekly losses (with charts) and what we believe differentiates “a” vs. “the” low.
Read MoreWhat differentiates “the” bottom vs. “a” bottom
We continue to expect a tumultuous first half on the back of a transition in monetary policy and the drivers for economic growth moving from “buying stuff” to “doing…
Read MoreVideo – Update from the road
In this short video we discuss the three influences behind our call for summer rally...
Read MoreVideo – Inflation, Fed, and Market
In this short video we discuss the inflation data and what it might mean for the Fed (still in a box) and our market outlook...
Read MoreMay Macro Slide Deck
The equity market is oversold enough to warrant dipping our toe back into the market in anticipation of an intermediate-term oversold bounce, but there is no easy exit strategy…
Read MoreVideo – The Fed, the market & our playbook
In this short video we highlight what we expect from the Fed, what the market is already discounting, and our current playbook...
Read MoreIndicators and history reinforce tumultuous-year game plan
April wasn’t kind to equity investors. The S&P 500 Index (SPX) fell 3.27% last week, its fourth consecutive weekly loss, bringing the drop in April to -8.8%.
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