The Election, Interest Rates, Nuclear Energy
Donald Trump is heading back to the White House in 2025. While the outcome was more widely anticipated than in 2016, it still sent waves through financial markets. Stocks hit new all-time highs as interest rates and the dollar rose. The jump in...
With the Federal Reserve (Fed) cutting rates, what is the outlook for future mortgage rates?
Why are mortgage rates still stubbornly high despite the Fed easing rates? Understand the potential trajectory of future mortgage rates and explore key factors like housing demand, mortgage rate spreads, and market trends impacting rate movements.
Today’s AI Investment Boom in the Context of History
How short-term bubbles can lead to revolutionary innovation and in turn, long-term economic growth. We anticipate the AI investment boom to follow the same patterns we’ve seen throughout history. Last Thursday, Nvidia...
A Modern-Day Bank Run, a Tale of Two Economies, Federal Reserve Credibility
Silicon Valley Bank’s announcement that it was raising capital on Wednesday caused a crisis of confidence leading to a traditional bank run. Consumers and companies are adding debt. New orders are...
Economic Data Remains Strong, Inflation Is in Focus, Stock Buybacks Resume
Economic data is showing no signs of weakness so far in 2023. If the economy remains strong, or even accelerates, then the Federal Reserve may have a harder time bringing inflation back to target...
Jobs Report Shattered Expectations, Optimism Is Rising, Oil Supply Is Improving
Consumers are becoming more upbeat, at odds with disappointing retail sales in December. More companies are mentioning job cuts on earnings calls. Slack in the labor market will put downward pressure...