SLR: Could It End The Bond Bear Market
On June 25th, the Federal Reserve quietly announced a significant change to the Supplementary Leverage Ratio (SLR). While the headlines were muted, the implications for the U.S. Treasury market were anything but. For sophisticated investors, this technical shift marks a […]
The Fed’s “Transitory” Mistake Is Affecting Its Outlook
In 2023 and 2024, the Fed was under intense public and media scrutiny for calling the post-pandemic surge in inflation “transitory.” Critics argued that the Fed’s failure to anticipate the persistence and severity of rising prices undermined its credibility. Yet, […]
Iran Struck By U.S.: Markets, Risk, and Rational Investing
Over the weekend, the U.S. launched strikes against Iran’s nuclear facilities. Currently, I only have the details reported by major mainstream outlets. However, given that stock market futures are trading sharply lower on Sunday, I wanted to get something in […]
The Dollar’s Death Is Greatly Exaggerated
The narrative surrounding the “dollar’s death” as the world’s reserve currency has been on the rise recently. However, this happens whenever the dollar declines relative to other currencies. We previously wrote about the false claims of the “dollar’s death” in […]
The Iran-Israel Conflict And The Likely Impact On The Market
The Iran-Israel conflict and equity markets are now in sharp focus. As direct strikes escalated in June 2025, global financial markets responded immediately. Israel’s airstrikes on Iranian nuclear and energy infrastructure triggered retaliatory missile and drone attacks from Iran. The […]
The Deficit Narrative May Find Its Cure In Artificial Intelligence
Lately, the “deficit narrative” has dominated much of the financial media, particularly those channels that are continual “purveyors of doom.” In this post, we will discuss the “deficit narrative,” the likely outcomes, and why the cure for the deficit may […]
“Buying The Dip” – Here’s A Technical Way To Do It
Recently, I did an interview about “buying the dip” in the market, which generated many comments. Most were, “You’re stupid; the market is going to crash,” but one comment deserved a more thorough discussion. “When buying the dip, how do you know when […]
Does Consumer Spending Drive Earnings Growth?
It would seem evident that most investors would understand that consumer spending drives economic growth, ultimately creating corporate earnings growth. Yet, despite this somewhat tautological statement, Wall Street appears to ignore this simple reality when forecasting forward earnings. As discussed […]
Buying Stocks Is Always Hard
Buying stocks is always hard. Particularly during corrections. Or, near market peaks. Or, when stocks are falling. And when they are rising. Oh, buying stocks is also tricky when valuations are high. And when they are low. You get the […]