History reinforces year-end opportunity
The S&P 500 Index (SPX) closed October at a new all-time high and had the best month since November 2020, with all 11 sectors higher (led by the cyclicals)…
Read MoreVideo – Yield Curve mythbuster
In this short video we discuss why we look at the U.S. Treasury Yield Curve and what it might be saying relative to the current narrative in the media...…
Read MoreYield Curve Mythbuster
Myth – The flattening of the long-duration U.S. Treasury Yield Curve is a negative economic and market signal.
Read MoreVideo – Market looking for excuse to rest
Sometimes the market just needs to rest after a strong run higher. We speak to some of the excuses that may be used...
Read MoreVideo – Not stagflation
In this short video we discuss our view that fear of stagflation is overblown.
Read MoreNot stagflation
Stagflation is an economic period characterized by high inflation, slowing nominal growth, and weak employment. Although we now have high inflation as measured by the Core PCE, and nominal…
Read MoreVideo – So What, Now What?
In this short video, we discuss the rally over the past two weeks and how it might impact the landscape over coming days/weeks. While the improvement in the intermediate-term…
Read MoreVideo – The market remains a discounting mechanism
In this short video I discuss how the issues facing investors are real, but so too is the investor reaction to them.
Read MoreOctober Macro Slide Deck
There is no question the macro backdrop has deteriorated over recent months and fear is beginning to take hold as inflation, expectations for slower economic and EPS growth, and…
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