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Our Blog: The Last Four...

  1. March 24, 2025

    Sentiment has turned decidedly sour. The recent survey on consumer attitudes by the University of Michigan points to this marked decline.1 Inflation concerns, along with the headline uncertainty around tariffs, are to blame. Tariffs are a form of sales tax and that has… More >>

  2. March 17, 2025

    It’s hard to keep track of the multiple narratives driving our economy and equity markets right now. Let me see if I can reduce the noise and clarify what should be the main focal points. First, the most recent survey from the University of Michigan on consumer sentiment… More >>

  3. March 10, 2025

    The wall of worry investors are facing continues to expand, and as we wrote last week, the policy volatility is not alleviating any tension.  However, much of the worry is still noise.  For example, the Atlanta Fed’s GDPnow forecast suggests we are in a recession in Q1. … More >>

  4. March 3, 2025

    As discussed in last week’s post, the Friday charts on inflation told us a lot about the direction of interest rates and the economy. Fortunately, according to the Federal Reserve’s favored indicator (PCE), inflation is back to trending favorably. 1 Across almost all… More >>

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