German economic growth in the fourth quarter was revised lower to negative 0.4%. More concerning,...
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Corporate Bonds Have No Recession Fears
Tuesday’s Commentary led with a discussion of equity valuations and margins. Both are well...
Natural Gas Prices Plummet
In mid-August, the price of natural gas peaked at $9.33. Forecasts for a cold winter here and in...
Margins and Valuations Put Stocks at Risk
These days the financial media spends a lot of effort linking the Fed’s future actions with...
Higher for Longer Spurs the Dollar
As we share in a section below, it is becoming more evident the Fed intends to raise the Fed Funds...
Crypto Is Coming Back To Life
Bitcoin and other cryptocurrencies rose over 10% on Wednesday. Per the graph below, Bitcoin, the...
5 Percent Yields Incentivize Cash Allocations
6-month and 1-year Treasury bills yields are above 5 percent, marking the first time a Treasury...
Hot Inflation Print Affirms Fed’s Stance
The hot January CPI report bolsters the Fed’s view that inflation will not fall as rapidly as...
Meme Stocks For 2023?
The scatter plot below compares various stock factor returns for 2022 and 2023, year to date. The...
Economic Confusion
In our Commentary 2023 Challenge: Contradiction, we discussed Lance’s recent article, The...