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...
Bond Markets React to FOMC, Home Prices and Mortgage Rates Surge, Emerging Market Index Has Changed
Federal Open Market Committee (FOMC) members are telegraphing an increasingly hawkish approach to monetary policy in the near future, and the bond markets have reacted accordingly. Mortgage rates have risen...
Uncertainty Leads to Hiring Stalls, Data Suggests Late Cycle Slowdown, and the Yield Curve Inverts
Meme stocks are back. The labor market remains strong, but fewer firms are planning to hire in the future. Where are we in the business cycle? The data points to a late cycle slowdown, which has historically...
Directionally Correct but Precisely Wrong: How Behavioral Biases Often Lead to Suboptimal Outcomes
Behavioral finance plays a big role in the way that we think about investing. The idea that investors have consistent biases, many of which lead to suboptimal investment outcomes, is commonly accepted by...