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.

Still no recession in sight

If anyone ever wondered what the drives the market, the last few months has proven it is the perception of Fed policy. The Fed made policy and communication…

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More state-sponsored shadow banking lies ahead

Highlights Government entities are increasing not just the amount, but also the intensity, of their shadow banking activitiesThese efforts will allow companies to undertake even more shareholder-friendly…

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February Macro Slide Deck

The third overdone “recession” trade this cycle. As the equity market collapsed in late December, it was clear investors were fearful the Fed would ignore the benign inflation…

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A more measured approach

Was the December FOMC press conference a rookie mistake, or did the economic backdrop change that much over the past six weeks? Probably a bit of both. The carefully worded…

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“Patience” and market caps

Highlights Large-cap stocks were the initial leaders coming out of the latest correction Mid-cap and small-cap stocks have rotated to the point where portfolio managers should begin thinking about…

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