“The Fed’s job is like a tightrope walker trying to keep their balance while walking on a thin rope. One misstep and they could fall into a recession or cause inflation to spiral out of control.” Laurence Ball, Professor of… Read More
“A compelling narrative fosters an illusion of inevitability.” Daniel Kahneman The stock market loves a great narrative and that is what we’ve had since October of 2022. As you recall at that time, inflation had skyrocketed to 9%, interest… Read More
The Goldilocks Market is Just Right As we remember from our nursery rhyme days, Goldilocks entered the house of the Three Bears and began tasting the porridge. The first bowl was “too hot”, the second bowl was “too cold”, and… Read More
The Market Has Bad Breadth. Can It Get Better? Interest rates are approaching 5% on the 10-year Treasury, which has sent mortgage rates north of 8%. Mortgage rates have not been this high in over 20 years. High interest rates… Read More
The Super Seven: Masked Heroes or Villains The Super Seven are the larger-than-life figures of today’s stock market environment comprised of Apple, Microsoft, Nvidia, Amazon, Meta, Tesla, and Alphabet. Apple hovers near a $3 trillion valuation, Microsoft $2.5 trillion, and… Read More
Q2 2024 Quarterly Review & Outlook
July 11, 2024
“The Fed’s job is like a tightrope walker trying to keep their balance while walking on a thin rope. One misstep and they could fall into a recession or cause inflation to spiral out of control.” Laurence Ball, Professor of… Read More
Q1 2024 Quarterly Review & Outlook
April 9, 2024
“A compelling narrative fosters an illusion of inevitability.” Daniel Kahneman The stock market loves a great narrative and that is what we’ve had since October of 2022. As you recall at that time, inflation had skyrocketed to 9%, interest… Read More
Q4 2023 Quarterly Review & Outlook
January 11, 2024
The Goldilocks Market is Just Right As we remember from our nursery rhyme days, Goldilocks entered the house of the Three Bears and began tasting the porridge. The first bowl was “too hot”, the second bowl was “too cold”, and… Read More
Q3 2023 Quarterly Review & Outlook
October 12, 2023
The Market Has Bad Breadth. Can It Get Better? Interest rates are approaching 5% on the 10-year Treasury, which has sent mortgage rates north of 8%. Mortgage rates have not been this high in over 20 years. High interest rates… Read More
Q2 2023 Quarterly Review & Outlook
July 11, 2023
The Super Seven: Masked Heroes or Villains The Super Seven are the larger-than-life figures of today’s stock market environment comprised of Apple, Microsoft, Nvidia, Amazon, Meta, Tesla, and Alphabet. Apple hovers near a $3 trillion valuation, Microsoft $2.5 trillion, and… Read More