May 1, 2026 In the modern investment landscape, "whipsaw" market action has transitioned from an anomaly to the baseline. Since the early 2000s, the acceleration of the news cycle has fundamentally altered price discovery. The 2008-2009 Great Recession accelerated...
September 17, 2025 The Federal Reserve delivered a widely anticipated 25 basis-point reduction in the Federal Funds Target Rate this afternoon, lowering the benchmark to 4.125%. While the cut was well signaled, the key message was less clear: the FOMC remains...
April 03, 2025 The Trump Administration has begun arguably the largest trade reconfiguration strategy in modern American history. Promises made … promises kept. Now questions arise as to what measurable impact the new trade regime will have on our assets? The...
These are Simple Times I realize you might be shocked at my interpretation of the state of play in today’s investment climate, but I urge you to read on and consider the wonders of simplicity. Once again, we are faced with reaching the Congressionally mandated...
Beware the Ides of March It has finally happened. The global hiking cycle has finally reached the banking sector. We can pontificate about risk management shortfalls at regional banks in the US and how the regulators utterly missed the mark when it came to overseeing...
Every so often I find it useful to review recent history to gain some perspective on how markets may react in the near future. I find it relevant to go through this process right now as I think it will shed light as to where we currently stand economically and how the...