Today marks the 3-year anniversary of the COVID market low: March 23, 2020. Three years ago today, mankind, civilization and global markets were reeling from the onset of COVID. The... read more →
Over the course of the past 24hrs, odds have dramatically increased that the Fed will hike by +25bps at 2pm today. 2y UST yields two weeks ago were 5.2%. Those... read more →
The events of the past 10 days – including the collapse of Silicon Valley Bank and the extraordinary measures enacted by the Fed to protect/quasi guarantee deposits of any shape... read more →
There is certainly a lot happening in the financial markets right now. It is more important than ever during times like this to step back and focus on what we... read more →
The death of the nation’s 16th largest bank was both swift and shocking and the events of the past few days as it relates to the bank run that went... read more →
As much as Fed Chair Jerome Powell may claim that the Fed is not trying to push the economy into recession, it is becoming increasingly likely that their fight against... read more →
Retail sales remain strong, unemployment claims remain low, and broadly speaking economic growth as measured by consumption and GDP is solid. That’s the good news. The bad news is that... read more →
With 475 companies (96% of market capitalization) of the S&P 500 index having reported 4Q 2022 results, the earnings season is officially drawing to a close. As expected, 4Q 2022... read more →
Three years ago, this week, the world was hit by the onset of the COVID pandemic. Levels of serious illness started to spike and global markets recoiled accordingly. That truly... read more →
Supply and demand drives inflation, including the supply and demand of money itself. Why did inflation spike in early 2022? Because we had record money supply growth in BOTH 2020... read more →