Inflation, Consumer Credit, DeepSeek
The first inflation print of the year came in hotter than expected. There may be more of the same ahead, according to both market and sentiment-based indicators. U.S. consumer credit saw its largest...
Artificial Intelligence Doesn’t Appear Ready to Take Over the World Yet
AI tools like ChatGPT have wowed us, but are they truly revolutionary like the automobile or television? Learn why current AI models face data and architectural limits, what this means for businesses, and why AI isn’t ready to take over the world—yet.
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...