Will A Weak Consumer Stall The Economy?
The headlines look dire. CNN proclaimed that “40% of Americans can’t cover a $400 emergency expense”, according to the Fed’s annual Report on the...
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How I Learned to Stop Worrying and Love Rising Rates
In the wake of last week’s publication (Why We Are Not Ready To Call A Market Top), we had a number of discussions with investors that amounted to,...
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Why We Are Not Ready To Call A Market Top
As stock prices chopped around in an indecisive fashion in past few weeks, the traders in our social media feed have become increasingly nervous...
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How Much Does 3% Matter To Stocks?
The U.S equity market took fright last week when the 10-year Treasury yield rose above 3%. Stock prices recovered when yields retreated. How much...
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Trump Appeases the Deep State on Syria While Quietly Furthering Putin's Agenda
US foreign policy in the Trump era is not haphazard, as long as you understand what motivates Trump (and his political mentor, Putin). The military...
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