What might monetary tightening bring for markets? Markets have navigated the recovery phase of the economic cycle supported by monetary and fiscal authorities who have injected record levels of liquidity […]
Quantitative Easing, Tapering, Liftoff, and Rolloff
What Does It All Mean? The primary monetary policy tool for central banks is setting the level of short-term interest rates. For the U.S. Federal Reserve (Fed), this means adjusting […]
Which Flation Is In Our Future?
How have our portfolios defended against recent inflation? Is inflation or disinflation in our future? Recent inflation headlines have been startling: “Lumber prices spike to an all-time high,” “Oil prices […]
Let’s Get Fiscal
The equity market is not the only thing hitting an all-time high. US federal debt held by the public ended 2020 at $21 trillion, up from $9 trillion at the […]
GameStop: To the Moon … and back
The remarkable rise and fall of GameStop (GME), a distressed video game retailer, has been nothing short of extraordinary. Echoing the speculative flurry of past bubbles, GameStop rallied from under […]
Democrats Take Georgia
On January 5th, 2021, Democrats unexpectedly swept the Georgia Senate runoffs, securing the Senate majority for the Democrats and returning unified Democrat control to Washington for the first time since […]
Managing Portfolios During the Most Unique Election of Our Time
We examine four possible Presidential election outcomes and the effect on our portfolios. Every four years, as the presidential election approaches, there is typically a certain level of anxiety investors […]
Early Cycle: Disconnects and Volatility
In this article we examine the interplay of markets, the economy, and volatility. Layoffs. Bankruptcies. Vacancies. Despite persistent negative economic news, financial markets have rallied. This disconnect can cause confusion. […]
Election 2020: Where Do We Go from Here?
Regardless of who wins the presidential election, tax rates are likely to increase. The election in November may prove to be one of the most consequential in modern history. With […]
U.S. Dollar: What Goes Up, Must Come Down?
After years of strength, is the U.S. dollar poised for a fall? The U.S. dollar has been in a sustained uptrend over the past decade, contributing to persistent underperformance across […]