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Our Publications
Hard Not to Blame Recent Weakness on “Commander-in-Tweet” – Week Ended 8/23/19
It was another roller-coaster ride of a week; one in which the most recent of market stress seemed to be attempting to mend. In fact, until Friday, the market was up a little more than 1% and the VIX, a widely watched measure of market volatility was beginning to appear calm. Investors appeared optimistic that […]
Yield Curve Inversion: Some Historical Perspective – 8/14/19
If you watch the news today, it is almost certain you will learn the yield curve inverted (the 2yr/10yr spread) this morning for the first time since 2007. This will probably result in a challenging market experience today (and perhaps days ahead). You will also hear inversion – a condition where short term interest rates […]
Fed Behind The Curve As Trade Deal Appears Increasingly Unlikely and Yield Curve Continues to Flatten – Week Ended 8/9
Almost as quick as the calendar flipped to August, the market’s backdrop and investor sentiment was altered. Just two weeks ago, the Fed made good on months of more dovish rhetoric by cutting its target for short-term interest rates by a quarter of one percent (25 bps). While some watchers were pining for a more […]
“Kool-Aid Investing” – Market Commentary for August
It’s pretty easy to hear the same investment theme these days “as many investors go to the same dinner”; hear the same story; and drink the same Kool-Aid. The huge world of investible assets is quickly shrunk down to just a few of the same companies owned by many. But years of tepid economic expansion […]

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