The tremors of pandemic, climate change and populism betray the existence of deep fault lines in capitalism’s coexistence with democracy
Weekly Market Compass
Pitchforks are the symbol of popular unrest. Plowshares the biblical allusion to peace and prosperity. Technology companies would be wise
Investors are unimpressed with Q2 earnings. Is the arrival of peak earnings a sign of peak markets? We doubt it.
Global markets are struggling to find direction and the reason resides in the calculus of markets, namely a divergence between first and second
The pandemic unleashed forces shifting the contours of supply and demand. Price and volume signals are tough to read—for economists and
In a world of negative real interest rates, tight credit spreads and wobbly cryptocurrencies, investors are hemmed in. Stock markets win when
Has the Fed changed its tune about inflation? Is it still transitory, or is it now more evenly distributed? What does this mean for markets?
What will the G7’s agreement to pursue a minimum global income tax rate of 15% mean for the markets?
Is the world economy restoring growth without inflation (‘Goldilocks’), overheating or succumbing to stagflation?
The coming weeks brings a deluge of key economic data. Investors will be looking for patterns, above all in prices as they gauge the sustainability
It is clear that taper talk has arrived, and it won’t go away easily. What does this mean for markets?
It is time for the Fed to normalize its language. If the Fed is to preserve its credibility and promote sounder financial market conditions,
Recently, Warren Buffett made headlines by declaring that he is seeing ‘substantial inflation’, while Fed Chairman Powell calls it only
Might President’ Biden’s proposed new taxes on investment gains produce a sell-off in capital markets?
Over the next five days investors face a veritable tsunami of corporate earnings and economic data releases. The week’s data deluge will
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
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,
Today, as the Biden Administration unleashes the full power of the Federal Government to heal the economy, it is an opportune time to take
The Ever Green fiasco is the perfect metaphor for what can go wrong in today’s economy. Efficienct supply chains lack adequate redundancy.
The Fed and the markets are playing risky games. Can each hold its nerve?
Reflation and Rotation are all the rage. But over time, re-balancing matters more.
By tolerating an inflation overshoot, the Fed may be boxing itself in. Fine tuning is the stuff of hubris, and hubris rarely serves anyone
Investors have been unnerved by rising bond yields. But volatility is not the enemy. Keep an eye on what really matters — economic re-opening
David Bowie’s ‘Let’s Dance’ may be catchier than ‘Scary Monsters’, but investors would be well advised to watch out for what lurks