Mr. Taper and Punch Bowls
It is clear that taper talk has arrived, and it won’t go away easily. What does this mean for markets?
What We Learned From the Pandemic
As the pandemic recedes in the US, Jackson Hole Economics co-founders Alex Friedman and Larry Hatheway share personal thoughts on what they
Lessons in Humility
It is time for the Fed to normalize its language. If the Fed is to preserve its credibility and promote sounder financial market conditions,
What Unites Buffett and Powell? They are Both Wrong About Inflation.
Recently, Warren Buffett made headlines by declaring that he is seeing ‘substantial inflation’, while Fed Chairman Powell calls it only
The Tax Man Cometh
Might President’ Biden’s proposed new taxes on investment gains produce a sell-off in capital markets?
The Week Ahead Matters
Over the next five days investors face a veritable tsunami of corporate earnings and economic data releases. The week’s data deluge will
Earnings, Rotation and Regions
The stage is set for rising global output and corporate earnings for the remainder of 2021. Rotation has arrived in sector terms, and is now
It’s Data Time
This week kicks off the first quarter 2021 earnings season in earnest. The bar is high, and the data will soon need to validate embedded expectations,
Siren Songs
The Ever Green fiasco is the perfect metaphor for what can go wrong in today’s economy. Efficienct supply chains lack adequate redundancy.
Market Forecasts vs. Fed Rhetoric
The Fed and the markets are playing risky games. Can each hold its nerve?
Reflation, Rotation and Rebalancing
Reflation and Rotation are all the rage. But over time, re-balancing matters more.