Holiday Travel, Santa Claus Rally, Government Efficiency
The holiday season is in full swing, and Americans are on the move. Thanksgiving set a record for TSA traveler throughput. A “Santa Claus” rally is also well underway, sending prices for risk assets...
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...
China Stimulus, Financial Conditions, Earnings Growth
The Chinese government announced a slew of stimulus measures to prop up the economy over the past week. These announcements sent investors—who had largely abandoned China—rushing back to buy stocks. Looser financial conditions in the U.S. may...
Rate Cuts, Mid Caps, Rising Uncertainty
Like most investors, we're eagerly awaiting the Federal Reserve's (Fed's) decision on interest rates. Frankly, it can't come soon enough — we're all tired of the endless debate over 25 vs. 50 basis points. I know it's not Friday but I wanted...
What Is the Yield Curve Telling Us?
The longest continuous yield curve inversion has finally come to an end. Or has it? The answer depends on how you measure it. That’s just one of my gripes with the yield curve inversion as an economic indicator...