Weekly Summary

Delta Variant Takes Center Stage

Delta Variant Takes Center Stage

The Delta variant has provided the Fed with greater latitude, enabling it to maintain its easy monetary policies. In its statement at the conclusion of its mid-week meeting, the Fed noted that the “path of the recovery continues to depend on the course of the virus.”

Carpe Diem – “Seize the Day”

Carpe Diem – “Seize the Day”

This is a very opportunistic type of market environment and investors must “seize the day.” When the opportunity presents itself, one must act. In this market, we simply can’t afford to wait for an “appropriate” catalyst.

What’s Behind the Mask?

What’s Behind the Mask?

The question should really be, what’s behind many masks? Overall U.S. equity averages such as the S&P 500 have recently exhibited very low measures of volatility, but underneath the surface remains rather elevated volatility between sectors.

Fireside Chat with Jamie Dinan and Marc Lasry

Fireside Chat with Jamie Dinan and Marc Lasry

Hosted by Rob Sechan, panelists Jamie Dinan and Marc Lasry discussed markets, the uneven reopening of the economy, inflation, interest rates, tax policy and more.The views and opinions included in these materials belong to their author and do not necessarily mirror...

The Waiting is the Hardest Part

The Waiting is the Hardest Part

The latest data release could be the next determinant of financial markets’ directions. Data might confirm certain opinions while dispelling others. Any news concerning labor markets, wages, and inflation (both price increases and expectations) will be closely scrutinized.

In the Eye of the Beholder

In the Eye of the Beholder

By adopting a more hawkish posture on its monetary policies, the Fed increased the likelihood of volatility in financial markets, especially among interest rates and currencies. But not yet—predictable economic and inflation data kept interest rates and the U.S. dollar rather stable this week, and equities continued higher.

A Matter of Trust

A Matter of Trust

The long-term mantra of “Don’t fight the Fed” has never been more evident judging by the reactions of most financial markets over the past few weeks. The view that any inflationary spikes will be transitory—and even if not, that the Fed has the necessary tools to deal with more persistent inflation is accepted as fact by many market participants—and perhaps the consensus. It appears that despite strong inflation data, the only data that matters now is nonfarm payrolls.