The Long and Short of Interest Rates | February 27, 2021

The Long and Short of Interest Rates When the week started, it appeared that short-term rates would be the ‘story of the week’ due to a planned drain of Treasury cash (See “Are Negative Rates Coming Despite Fed Opposition”, below.) However, on Thursday, long-term rates took center stage as the 10-year yield jumped from a […]
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Commodities – The Bull Market You Aren’t Hearing About | January 23, 2021

Commodities – The Bull Market You Aren’t Hearing About Over the past several months, these pages have been littered with concerns about inflation re-appearing. Much like recessions and pandemics, we never really know precisely when inflation might happen. This inability to predict markets is at the heart of our investment process. The world is unpredictable, […]
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Bond Yields Raise Their Ugly Head | January 16, 2021

Bond Yields Raise Their Ugly Head Most of the time, market commentary focuses on the stock market, but every so often, the bond market flexes its muscle and takes center stage. This week was one of those times and with good reason. The push-pull of more fiscal policy to help the economy and the inflationary […]
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Prognosticators Delight | January 2, 2021

Prognosticators Delight The magic of the new year is that prognosticators get to wipe the slate clean and begin anew, and as usual there is no shortage of prognostications for 2021. The more common themes call for a weaker dollar, stronger international markets, a spark of inflation, a rebound in small cap stocks, and the […]
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