Such Great Heights

Such Great Heights

Oct 3, 2025 | The Weekly Edge

They will see us waving from such great heights Come down now, they’ll say “Such Great Heights”, The Postal A few weeks ago, we wrote about the importance of earnings as a major driver of this US equity rally, asserting that twelve month forward S&P 500 earnings...
Is Monetary Policy About the Journey or the Destination?

Is Monetary Policy About the Journey or the Destination?

Sep 26, 2025 | The Weekly Edge

Introduction The phrase, “life is a journey, not a destination,” is often attributed to Ralph Waldo Emerson, but there is no record of him saying or writing it. It first became widely used in the 1920s and has made its way into the lyrics of songs by artists as varied...
Looking for Clarity After the Summer of Mud

Looking for Clarity After the Summer of Mud

Sep 19, 2025 | The Weekly Edge

Wrapping up the Summer of Mud In our second half outlook, we previewed what we called the Summer of Mud (or Mudd if, like us, you draw your inspiration from 90s rock bands). We did so in expectation that the mix of economic data and policy measures would provide no...
Wherever You Will Go

Wherever You Will Go

Sep 12, 2025 | The Weekly Edge

So lately, been wondering Who will be there to take my place? When I’m gone, you’ll need love To light the shadows on your face “Wherever You Will Go”, The Calling One of the most common questions we receive is how markets can trade to new all-time highs...
Up in the Air

Up in the Air

Sep 5, 2025 | The Weekly Edge

The Employment Situation is Up in the Air “We’re here to talk about your future.” From just after the global financial crisis through the high inflation of the early 2020s, the U.S. labor market has been on a generally positive trajectory. The pandemic aside,...
Housing Alone

Housing Alone

Aug 28, 2025 | The Weekly Edge

Introduction The unofficial end of summer is upon us. Stocks are up, rates (OK, some rates) may be on their way down, and a growing handful of officials at the Fed and the Bureau of Labor Statistics are on their way out. After spending the past three months writing...