This week, this missing Tetons will cast a metaphorical shadow over the Fed deliberations. The reason for their absence will be a powerful
In the Shadow of the Tetons
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JHEStaff
What is the Market Telling Us?
Now that the world’s benchmark equity index—the S&P500—has closed in on its pre-pandemic and all-time highs, it’s useful to carefully
No Time For Complacency
Despite a deep global recession, double-digit declines in worldwide corporate profitability, rising geo-political risk and no effective long-term
John Lewis’ Final Words
In a special Last Word, Morgan Freeman reads the words of John Lewis’ final essay, which he requested be published in the New York Times
Extrapolation Risk
Despite a shellacking from Congress during public hearings, a day later the biggest information technology stocks delivered mostly robust
Horror Show
Investing is not, statistically speaking, a horror show. But at discrete intervals, it can be useful to keep an ear out for dissonance.
Fly Fishing and the Market
Investors, it seems, are resigned to following the main current of the river. That may be a good strategy for a boater looking to drift along
Inspiration
The pandemic should be bringing nations together in the face of our common threat. Instead we see nationalism and borders closing. So here
Wanted: New Leadership
Another week and more rising global equity markets. But also, more outperformance by the market’s stalwarts —growth, technology and momentum.
TINA, Meet Keynes
TINA – There Is No Alternative – is a popular Wall Street acronym describing a key reason why equities remain so popular. TINA is about
A Bend In The Road?
After a powerful and nearly uninterrupted rally dating from late March, global equities lurched sharply lower this past Thursday, before staging
Recovery or Relapse?
Beneath the market’s joyful response to inflection points, levels of spending, output and joblessness remain bleak.
Pandemic, Payrolls, Protests and Politics
Wall Street’s favorite adage, ‘climb a wall of worry’, may soon be put to test. Following the powerful equity market rally of the past
Where’s the Bottom?
Alongside the US Memorial Day holiday, we explore the latest high frequency indicators of global economic activity. Our aim is to provide
Re-Opening Does Not Signal Buy
Markets dipped this past week. Might this signal the end of the recent rebound? Or is it merely a pause, with further gains to come?
Update On A COVID-19 Vaccine
Humankind has never had a more urgent task than creating broad immunity for coronavirus. Realistically, if we’re going to return to normal,
The Covid-19 Mental Health Crisis
Mental health is a huge problem in the United States. About one-fifth of all Americans grapple with psychological disorders, and only half
On the Same Page—For Better or Worse
This past week equity markets continued their impressive recovery from their Covid-19 lows.
Wanderers
Are you feeling cooped up, stir-crazy? No wonder – even after 400 generations in villages and cities, we are still nomadic wanderers
Market Compass: Six Headwinds
Markets recovered strongly in April. US equities enjoyed one of their best months since the 1930s, credit markets stabilized, and even depressed
Calmer, But For How Long?
As we move into the last week of April, market jitters appear to have begun to subside. Even oil prices recouped some of their dramatic declines.
The Chosen Few
Global equity indices continue to recover. Much of the related commentary concludes that investors are heartened by signs of pandemic curve-flattening
Markets are Mistaken
Last week, markets rebounded. Major equity indices have now recouped half their losses from their Covid-19 driven lows.
A Flat Curve is Not Enough
Investors ought to be wary of overstating the economic and market benefits of pandemic curve flattening.