Not all credit pointing to V
How do you know when an oversold bounce is a relief rally like 2002 and 2008 vs. a fundamentally sustainable move off a recession-based low like 2003 or 2009? The…
Read MoreMacro Analysis & Slide Decks
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.
The banks offer guidance on our playbook
Good morning folks. The epic battle continues between the massive support of monetary policy on one side vs. the decline of economic activity and earnings per share (EPS) on the…
Read MoreAnswering key question by clarifying our position
I am getting a lot of questions relative to whether we still believe the market is going to test the low and what are the odds of it?
Read MoreEpic battle set to begin
There is an epic battle between two extraordinary market forces – monetary policy and economic activity. On one side, we have historic monetary accommodation from the Fed. For years, we…
Read MoreThat was a game changer – Fed’s bazooka gets bigger
The Fed clearly reacted to some troubling signs in the credit markets, and this action is a big deal because it is protecting against a further credit crisis in just…
Read MoreEverything about this environment is historic
Good morning all, I hope everyone has a happy Passover and Easter this year and don’t forget tomorrow is a bank and market holiday. The incredible and historic volatility in…
Read MoreA story and a signal
There are signs of hope in the most recent data coming from New York State as Governor Cuomo announced Sunday that New York’s daily count of COVID-19 deaths is falling…
Read MoreAn experts view of Covid-19 outlook
Our research analyst Edward Nash hosted a call on Thursday with George Rutherford, MD, Professor of Epidemiology & Biostatistics at UCSF Medical School, to discuss the ongoing COVID-19 pandemic. …
Read MoreDemonizing the only buyer is a bad idea
The market is seeing a weak opening following a relief rally that still left the S&P 500 (SPX) with the worst quarterly performance since 2008 and the worst Q1 in…
Read MoreSunday evening macro look
Good evening folks, I hope you and your families are all staying healthy. The S&P 500 (SPX) Futures market opened the Sunday trading session down 2% as Covid-19 and its…
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