Recent Posts

  1. April 12, 2021

    Adding nearly 1 million jobs in the latest jobs report (including revisions from the prior month) would suggest we are fast on our way to a full recovery. [i] Under normal circumstances, investors would be quick to conclude rising rates are on the horizon to stem… More >>

  2. April 5, 2021

    We just published our Q2 2021 Look Ahead, you can view the presentation here or watch our narrated version here. Consumer Strength – Close to LiftoffThe coming quarter will be a period of rapid reopening, with COVID-19 vaccine availability occurring much faster than… More >>

  3. March 29, 2021

    Since February 2020, China has been leading the way in the recovery from COVID-19 and economic re-opening. New confirmed cases of COVID-19 in Mainland China have been near zero since the beginning of February. [i] China has achieved a post-pandemic recovery in most… More >>

  4. March 22, 2021

    The recent high-level talks in Alaska between Secretary of State Anthony Blinken, National Security Advisor Jake Sullivan, and their Chinese counterparts are being viewed as a continuation of the Trump-era rhetoric. Certainly, from the public statements, it would appear to… More >>

  5. March 15, 2021

    The odds of seeing a triple play in baseball are something like 1 in 325. It’s an incredibly rare event—on par with passing important legislation in Congress. [i] It is remarkable the U.S. has completed what I consider the unlikely economic triple play: passing… More >>

  6. March 8, 2021

    In an effort to put a label on what is going on with credit markets, U.S. investors are in a quandary. The yield curve has steepened over the last 45 days. [i] The U.S. 7-year Treasury auction had an anemic showing on February 25th, with only 2 buyers for every dollar… More >>

  7. March 1, 2021

    There is an inflection point, of sorts, occurring in U.S. capital markets these days. It is abundantly clear that investors are facing a choice with respect to interest rates and equity returns. We anticipated much of this when we published our Q1 2021 Look Ahead. A… More >>

  8. February 22, 2021

    With equity markets hitting all-time highs, bitcoin touching all-time highs, and COVID-19 cases collapsing, the world would seem near perfect for investors. [i] [ii] [iii] Specifically, retail sales are clearly heating up in January and across several segments. It would… More >>

  9. February 16, 2021

    The most frequently asked question right now is, “Are we in a bubble?” The simple answer is, “I can’t tell.” It’s an entirely natural question and answers will vary based upon the strategy and motivations of the person you’re asking. [i] Here is what we know: Valuations… More >>

  10. February 8, 2021

    The most recent jobs report suggests the economic recovery is softening. Of course, that seems obvious since we have been in stuck in another “lockdown” phase. Most service sector jobs are in a deep freeze― especially in the travel, leisure, and hospitality industries. In… More >>

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