Talk about conflicting data points. Two weeks ago the data told us we just had our second consecutive decline in economic output (which used to be how we defined a recession). Last week, we learned the labor market fully recovered all of the jobs lost during the short pandemic recession.
Happy Tuesday after a 3-day weekend! I hope everyone had a happy and safe 4th of July. My neighbors certainly had a happy 4th of July, to the dismay of my dogs. What the long weekend might have distracted us from, is that we reached the halfway mark in what
Each summer I like to take some time away from the day-to-day operations/noise to focus on bigger picture projects, research, and professional development. It's a time to work through my reading list, catch-up on the latest updates from the CFA Institute, and most importantly refresh my brain. Given that
Probably one of the most frustrating things for me after 25 years of managing investments is how inefficient the market is at pricing in reality. This leads to far too many people getting sucked into the wrong investments.
Last week we've again witnessed two examples of the inefficiency of the
The stock market is back to its highest levels since early February. 10-year bond yields have climbed 1% since the start of the year and are at the highest level since early 2019. Last week we asked who was right – stock or bond traders. The stock market believes the Fed
