Famous Last Words

Famous Last Words

I am not afraid to keep on living “Famous Last Words”, My Chemical Romance If there is a GOAT (Greatest of All Time) title for “Famous Last Words” in financial market valuations, it has to go to Irving Fisher, who infamously quipped in 1929 that “stock prices have...
Livin’ on the Edge: Implications of Election 2024

Livin’ on the Edge: Implications of Election 2024

“It sure ain’t no surprise.” The U.S. election is upon us. As investment strategists, we worry primarily about the macroeconomic environment and its influence on the major drivers of asset prices, like interest rates and corporate earnings. Today, however, we will...
Bound for the Floor: Recalibrating Fed Policy

Bound for the Floor: Recalibrating Fed Policy

And you just don’t get it, you keep it copacetic “Bound for the Floor”, Local H   In an interview about the lyrics of their 1996 hit “Bound for the Floor”, frontman Scott Lucas explained the origin of the song’s most notable lyric “you keep it copacetic”,...
Hey, Old Friends: Bonds are Working Again

Hey, Old Friends: Bonds are Working Again

“It started out like a song.” Something is stirring. Shifting ground. It’s just begun. This month, investors seem to have finally cast aside their inflation worries as they focus more on risks to global growth. Commodities prices have plunged, bonds are rallying, and...