And So It Begins (Again)

And So It Begins (Again) Trump 2.0 begins on Monday and what that will bring to financial markets remains far from clear. What we have seen thus far is that the stock market is generally positive about what is to come, and the bond market is generally negative. The things that appear most obvious are […]
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Jaws

Jaws Just When You Thought it was Safe to go in the Water… Last week we wrote about how inflation was starting to perk up again. This week, the Fed cut the Fed Funds rate another 0.25%, but at the press conference on Wednesday, Chair Powell noted that progress on inflation had stalled and “From […]
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A Brief History of Debt

A Brief History of Debt (and Why it Matters) The last few weeks have looked a lot like 2022, which was the worst year for the 60/40 portfolio since 1937. I could write a book detailing the missteps of Congress and the Fed that have led us here, but there isn’t time for that, so […]
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Embracing Risk | January 29, 2022

Embracing Risk After operating in an environment where risks were clearly backstopped by the Federal Reserve. For investors, the world we have known for at least the last 13 years was on course for a fundamental change. The message that investors should be hearing loud and clear is that that there are risks that can’t […]
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WARNING! Use Extreme Caution! | January 1, 2022

WARNING! Use Extreme Caution! “After two years of ‘up, up, up’ this must be a great time to be an advisor – it just doesn’t get much easier than this!” This theme was more common than expected as we exchanged holiday wishes with friends and clients. The reality is just the opposite. This environment is […]
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