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...
BCM 4Q22 Market Commentary—Entering the Year Cautiously Contrarian: Considerations of Key Market Levers and Emerging Opportunities
What a difference a year makes. In hindsight the markets entered 2022 on an unstable precipice. Conversely, 2023 is beginning to look like a valley, with much of the prior excesses already stamped out in a...
What’s Going On With Consumers, When Will Bonds Behave Like Bonds, Don’t Bet Against Innovation
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...
A New Year for Consumers, Restrictive Financial Conditions, the End of an Era
Real disposable incomes are on the rise again to start the new year as inflation continues to moderate. Unseasonably warm weather across the United States has caused front month natural gas prices...