Why, Of Course You Can!

Why, Of Course You Can!

Another Roaring 20s for U.S. Consumers “Can’t repeat the past? Why, of course you can!” Through years of lockdowns, re-openings, inflation and policy uncertainty, consumers have done unfathomably well at supporting the U.S. economy in the 2020s. We are now well into...
So Far So Fake

So Far So Fake

These days I think are so strange No cuts, no trust Name no names “So Far So Fake”, Pierce The Veil   Given the title of this piece, using Pierce the Veil’s 2023 banger “So Far So Fake,” let’s be clear from the start: we are not calling all of the remarkable earnings...
2026: A Rate Odyssey

2026: A Rate Odyssey

Introduction: A Strange Trip for Rates So Far in 2026 “I am completely operational, and all my circuits are functioning perfectly.” Year-ahead consensus predictions rarely get things perfectly right, but it’s fair to say that despite looking very promising for the...
What It Is to Burn (Cash)

What It Is to Burn (Cash)

  Like a bad star, I’m falling faster down to her She’s the only one who knows what it is to burn “What It Is to Burn”, Finch   In a podcast recording on Thursday, we shared that Google’s 2Q earnings reminded us of that great Deftones song “Change (In the House of...
Know Your Enemy

Know Your Enemy

Introduction: Know Your Enemy “Think ya know what it’s all about? Huh! Hey yo, so check this out!” Last week’s whirlwind of Fed commentary and inflation data created a few market gyrations but ultimately left interest rates lower and the need for rate hikes less...
Mid-Year Outlook: The Metallica Market

Mid-Year Outlook: The Metallica Market

You might be surprised to learn that the market and the investment approach it demands in 2026 have a lot in common with Metallica. Yes, Metallica, the thrash metal band that formed in the 1980s and became known for its bone-rattling loudness, shows with...