As expected, our beloved elected officials waited until the very last moment and then cut a deal that does little for the budget but does avert a financial calamity. I can’t tell you all how happy I am not to be discussing the debt ceiling issue until late 2024. It... read more →
Jun
02
It seems like forever since we started talking about recession. The yield spread between 10-year and 2-year treasuries (a.k.a. the yield curve), one of the earliest indicators of recession, first inverted 14 months ago. In today’s world of fast-paced financials markets and news cycles, 14 months is forever. So, it... read more →
Jun
01
This note is going to go into some of the more granular, monthly technical work that we do, but with technicals being an important ‘building block’ in our investment process we thought it was important to share. And it’s all about monthly candles. Candles are a charting method to denote... read more →
May
18
With over 90% of companies in the S&P 500 index having already reported results, Q1 2023 earnings season is drawing to a close. Even though this was the second consecutive quarter in which earnings declined on a year-over-year basis, results have come in much better than initially expected. As of... read more →