Since their respective highs on February 19, the S&P 500 and Nasdaq Composite have fallen -13.7% and -19.3% through Friday, April 4....

The market narrative during the last month has been consistent with the expectation we shared in our last client letter, that policy...

Despite the fact that many leading economic indicators in recent years have been warning that a recession was just on the horizon, 2024...

Every month, our two favorite event-driven portfolio managers (both sporting 5 Stars on Morningstar in the 1, 3, 5, AND 10-year...

Last month, we explained that interest rates were expected to stay higher for longer because inflation had become stubborn. Core PCE was...

Interest rates will stay higher for longer. Following its April 30-May 1 meeting, the FOMC made clear that inflation has not sufficiently...

The global economy and financial markets are experiencing an unusual set of contradictions. As many of the world’s major central banks...

We believe the biggest question of 2024 is: what will follow today’s major yield curve inversions? Today, the Fed is signaling a...

The Treasury curve is the most inverted it's been since the 1980s...AND this is the longest period of inversion since then too. Yikes!

A cautious view about the current financial and economic environment would be entirely warranted, due in part to the brute force use of...