Economic Growth Weakens While Inflation Rises | September 18, 2021

Economic Growth Weakens While Inflation Rises Why may we see economic growth continue to weaken in the coming months? Delta Variant upsurge causes consumers to pair back spending Unemployment benefits ending Hurricane Ida effects Looming government shutdown Why may inflation continue to rise? Material shortages Labor shortages Supply chain delays In our view, we believe […]
READ POST

When is it Too Much? | September 4, 2021

When is it Too Much? First the pandemic bred fear, and then it bred money. Clearly there was a great financial need among many millions of Americans as the pandemic closed down the economy in the Spring of 2020. Congress came out swinging with several bills, spending trillions of dollars in an attempt to offset […]
READ POST

Tapering is Not a Fashion Statement | August 28, 2021

Tapering is Not a Fashion Statement There’s been a lot of talk about tapering lately and we’re not talking about the slim fit that is the style for men these days, we’re talking about the Fed’s balance sheet. Here’s what you need to know. For most of the period from late 2008 to today, the […]
READ POST

Searching for Goldilocks | August 7, 2021

Searching for Goldilocks While we are currently at peak growth, there is no consensus about where we go from here. The bulls are getting bearish and vice versa. There is fear of growing too fast and incurring the wrath of the Fed with higher interest rates, which would pressure stocks. Likewise, there is fear of […]
READ POST

The Bond Market Looks Confused | July 31, 2021

The Bond Market Looks Confused Market sentiment has been flip-flopping back and forth between inflation concerns and economic concerns. The very rapid economic recovery has outpaced a COVID constrained supply chain and caused price increases and inflation concerns. Now, the COVID acceleration and rising prices are beginning to slow demand (see the recent housing data) […]
READ POST

Cross-Currents | July 17, 2021

Cross-Currents The post-pandemic world will be different. Cross-currents are everywhere and how this settles is anything but clear, but ultimately everything resolves and typically not at the extremes. The economy is recovering, but persistent government intervention continues to cause market distortions. This has led to excesses in markets and very high asset valuations. As portfolio […]
READ POST

Why Are Government Bond Yields Declining? | July 10, 2021

Why are government bond yields declining? Is the new Delta Variant a threat to the global economic recovery? What should we expect from the upcoming earnings season? What we found to be most interesting, since Federal Reserve Chairman Powell spoke on June 16th, is government bond interest rates have been on a decline (please see […]
READ POST