Our view on pulllback to start the week
While many are just beginning to think of a worsening correction, we believe it has been in place since we began looking for pullbacks like the Fall 2009.
Read MoreToo early to play politics
Political backdrop remains totally unpredictable. In a true statement of the obvious, this is the most complicated election-year setup we could possibly have.
Read MoreOur take on recent weakness – New Video!
Sometimes the media tries to overthink a pretty simple thing - the mega-cap momentum stocks that drive the indices lost some momentum. We are sticking to our view.
Read MoreAdding a bit of perspective – New Video!
We offer some perspective on what looks to be a pretty tough opening...
Read MoreFed, excess liquidity, and OECD data reinforce view
The Fed again surprised to the upside in the September FOMC meeting by adopting explicit, inflation linked guidance. The FOMC median forecast suggests a zero-interest rate policy (ZIRP) through 2023…
Read MoreDiscussion around Retail Sales today and economy – New Video!
Today I wanted to discuss why we don't pay more attention to an initial economic data release.
Read MorePost-Vacation discussion – New Video
I wanted to discuss the current landscape following last week's drubbing while I was on vacation.
Read MorePullback consistent with stairstep playbook
Correction according to plan. The 7% correction in the S&P 500 (SPX) over the past six trading sessions is likely the first of a few 3-7% drawdowns followed by new…
Read MoreSeptember Macro Slide Deck
Our core fundamental thesis driven by credit suggests we are early in new economic cycle.
Read MoreSPX Target discussion – New Video
I wanted to take a few minutes to discuss why we no longer plan to carry an S&P 500 (SPX) target.
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