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The Teflon Market

As every good husband knows, there are a few dates that you dare not forget, and one’s wedding anniversary is…

Yield Curves Ahead

The US economy has continued to impress. Measures of retail sales, industrial production, and corporate revenues and earnings are all…

Bull in the Headlights

Investors have been handed a full plate of worries to digest in the second quarter. On top of the long-standing…

Draining the Pool

Wall Street is fixated on how long the surge in earnings brought forth by a growing economy and last year’s…

Will the Real Rate of Inflation Please Stand Up?

Since the Great Recession of 2008-09, central banks around the world have been haunted by the specter of deflation. That…

Whiplash

Investors may be forgiven if they are ending the trading day with a sore neck and a headache. For after…

The Free Lunch is Over

Investors relearned the meaning of risk in February as the euphoria that started the year was quickly snuffed out by…

Tax Cut Fever

Donald Trump accomplished what may be the signature achievement of his term with the passage of the recent tax reform…

Abandoned Standards

America is going through a wrenching self-examination of male power, sexual harassment, and the bitter costs imposed on both the…

Infamous Years

Stock markets have displayed a remarkable lack of volatility so far this year. Trump’s election and the promise of healthcare,…
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