“Leaving Normal… Heading for Who Knows Where”

“Leaving Normal… Heading for Who Knows Where”

Weekly Summary: November 15 – 19, 2021   Key Observations: Rebounding economies accompanied by persistent inflation and high levels of employment lead us to believe that we are “leaving” the most recent state of a global “normal” characterized by slowing growth,...
“Stay”

“Stay”

Weekly Summary: November 8 – 12, 2021   Key Observations: Stronger than expected U.S. Consumer Price Index (CPI) and a “disappointing” 30-year Treasury auction dramatically lift interest rates and partly reverse yield curve flattening. Data (fundamentals) “win.”...
“Chill Out… Things Gonna Change”

“Chill Out… Things Gonna Change”

Weekly Summary: November 1 – 5, 2021   Key Observations: The Federal Reserve (Fed) Chair Powell appeared to convince successfully many investors to “Chill Out,” that the Fed was not behind the curve and that the Fed was ready with the correct policy tools to deal with...