Starting in 2011, the first wave of “baby-boomers” – Americans born between 1946 and 1964 – reached retirement age. The term tsunami may be more apropos than wave, however. According […]
OPCM’s Thoughts on Yield Curve Inversion
In life and in economic cycles, there are key milestones. A key one for the economy was hit August 14, 2019: The 10-year U.S. Treasury yield was less than 2-year […]
Safe Is Not Safe Anymore
Click here to view a PRINT VERSION of this article. Historically, two sectors with consistently slow earnings growth have been utilities and consumer staples. Over the long-term, these two sectors […]
IPO: It’s Probably Overpriced?
Click here to view a PRINT VERSION of this article. We have long known that 2019 held the potential to be somewhat of an IPO extravaganza – a year in […]
Psychology and Money: A Primer on Behavioral Finance
Click here to view a PRINT VERSION of this article. Picture this: It’s a bright summer day and you decide to take a visit to your local botanical gardens to […]
Credit Markets: A Historic Quarter
Click here to download a PRINT VERSION of this article. At the end of March, the benchmark ten-year U.S. Treasury was yielding 2.41%. The second quarter saw yields on the […]
Do the Recent Yield Curve Inversions Guarantee a Recession?
Click here to download a PRINT VERSION of this article. Since 2006, the only inversions investors studied were inversions involving multi-national companies relocating their headquarters and legal residence to countries […]
Housing, Homebuilders, and Corrections…
Click here to download a PRINT VERSION of this article. In the ten years since the financial crisis, housing markets have recovered, stock markets have eclipsed their prior highs, and […]
An About Face from the U.S. Federal Reserve
Click here to download a PRINT VERSION of this article. After a volatile end to 2018, interest rates continued their move lower in the first quarter driven by a dramatic […]
How I Stopped Worrying About Uncertainty and Learned To Trust the Numbers
Back in 1946, a nuclear physicist working at the Los Alamos National Laboratory, Stanislaw Ulam, was convalescing from an illness. Unable to binge Netflix (as I do when recovering under […]