There’s No Place Like the U.S. Housing Market

There’s No Place Like the U.S. Housing Market

Aug 23, 2024 | The Weekly Edge

“Oil can. Oil can!” – The Tin Man, The Wizard of Oz Considering its central role in the largest financial crisis in living memory, the U.S. housing market isn’t getting the attention it deserves from economists and investors. Construction and sales of homes,...
We’re Gonna Need a Bigger Rate Cut

We’re Gonna Need a Bigger Rate Cut

Aug 2, 2024 | The Weekly Edge

You yell barracuda, everybody says, “Huh? What?” You yell shark, we’ve got a panic on our hands – Mayor Vaughn, Jaws Investors were reminded of a valuable lesson this week: falling interest rates can be good for risk assets but only up to a...
Time to Party Like It’s 1995?

Time to Party Like It’s 1995?

Jul 26, 2024 | The Weekly Edge

I was dreaming when I wrote this Forgive me if it goes astray – Prince, “1999” U.S. politics has been delivering more twists and turns lately than even the most melodramatic arc on The West Wing. And yet, diversified investors have come through the chaotic...
High Yield on the Highway to the Danger Zone?

High Yield on the Highway to the Danger Zone?

Jul 12, 2024 | The Weekly Edge

Maverick: She’s lost that loving feeling. Goose: No, she hasn’t. Maverick: Yes, she has. – Top Gun, 1986 Last week, we noted a “change of speed” for the U.S. economic growth outlook. Inflation has resumed its decline, and there are emerging signs of...