Slow Hands

Slow Hands

Aug 16, 2024 | The Weekly Edge

We spiesWe slow handsPut the weights around yourself “Slow Hands”, Interpol The narrative ping pong continues. In the span of a mere two weeks, the market has gone from expecting a dire outcome of sharply weakening growth and the need for aggressive Fed easing (very...
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...
An Ode to Maybe

An Ode to Maybe

Jul 19, 2024 | The Weekly Edge

Well, maybeWhat you need I hope it finds you “An Ode to Maybe” – Third Eye Blind Harry Truman once asked to be sent a one-armed economist, frustrated with the profession’s propensity to condition every assessment with “on the one hand this… while on the other...
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...