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...
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...
Five Principles for Responsible Use of Artificial Intelligence/Machine Learning Technologies in Asset Management
As the public becomes more informed about artificial intelligence and machine learning, here are our five core principles of responsible use of Artificial Intelligence as it specifically relates to making investment decisions.
The Struggling Seven, Market Rotation, the Olympics
After a remarkable stretch of outperformance, the magnificent seven are finally taking a break. Recent selling pressure has been concentrated in the largest stocks, dragging the broad indices lower...
VIDEO: Short-term reaction or a longer-term trend change?
Over the last decade, the largest tech companies have consistently and significantly outperformed the rest of the market. Last week, seemingly catalyzed by the July 8th CPI report, we saw a complete unwind of the trade...
2Q24 Market & Strategy Review: Betting on Broadening
By many measures market indices sit at extremes. Concentration and the outperformance of growth stocks are both at historic highs—reminiscent of the tech bubble. While the valuations of the largest companies have expand...