Machinehead: A Cyclical Recovery in the Age of AI

Machinehead: A Cyclical Recovery in the Age of AI

Got a machinehead, it’s better than the restGreen to red, machineheadGot a machinehead, it’s better than the restGreen to red “Machinehead”, Bush The U.S. equity market has “got a machinehead” and, based on this week’s price action, “it’s better than the...
No Rain: Implications of Resilient Data on Markets

No Rain: Implications of Resilient Data on Markets

And I don’t understand why I sleep all dayAnd I start to complain that there’s no rainAnd all I can do is read a book to stay awakeAnd it rips my life away, but it’s a great escape “No Rain”- Blind Melon For much of the past two years, the bond...
Separate Ways

Separate Ways

Here we stand, Worlds apart -Journey, “Separate Ways” The music video for Journey’s 1983 song “Separate Ways” is well known to be iconically cringe-worthy. It has everything you would expect from an early 80’s music video: dramatic closeups shot in profile, teased-out...
Highlights From the 2024 Outlook

Highlights From the 2024 Outlook

Earlier this week, we released our 2024 macro and market outlook titled “Stranger in a Strange Landing.” It argues that instead of having a Hard, Soft, or No Landing, we could have a “Strange Landing” in 2024. This Strange Landing would be characterized by...