Macro

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.

July Macro Slide Deck

Our core fundamental thesis driven by credit remains constructive, the Fed is likely to cut rates at the end of the month and again toward year end, the various…

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Smart money mythbuster

Myth: Over many client conversations in the past month we have noted a healthy amount of skepticism toward the market and found confirmation via a “smart money” measurement. According…

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New high mythbuster

Myth: Last Friday, the percentage of S&P 500 (SPX) components making a new 52-week high surged from 0% to 22% in less than two weeks, but is was led…

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Trust the thrust (and the plan)

When you have extreme overbought and high optimism where everyone is on the same side of the boat, it sets the stage for a market correction. The increased trade…

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Tariff man drops UST yields

President Trump has proposed placing scaling tariffs on Mexico to stem the flow of illegal immigration. The tariffs are to begin with 5% on June 10 and scale to…

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