Geopolitics & the Day After
Central banks, investors, and policymakers are coming to terms with the end of a "golden era" characterized by near-zero interest rates, low inflation, and economic growth. The global economy has been shaken up by geopolitical conflict, commodities shocks, and...
The Wooden Nickel
The Wooden Nickel is a collection of roughly a handful of recent topics that have caught our attention. Here you’ll find current, open-ended thoughts. We wish to use this piece as a way to think out loud in public rather than formal proclamations or projections. 1....
Weekly Market Update
Global Market News Global equities decline Global equities were slightly down on the week. The S&P 500 and Dow Jones declined 2.25% and 2.77% respectively, while the Nasdaq dropped 3.44%. The yield on the US 10-year Treasury ended the week at 3.58%. The price of a...
Geopolitics & the Day After
December 8, 2022 A number of risks have emerged in global markets this year as the decades of low interest rates and central bank dominance are now behind us. As we enter 2023, central bankers, policymakers, and investors are trying to identify the next market...
Canceling the Noise; Not by Bread Alone: Part XVII
What kind of conclusions could we draw by looking at the two images below? The first one relates the economy’s orders to the S&P 500. Orders could be considered a leading indicator regarding forward earnings for S&P 500 companies. The downward trend of 2022...
Geopolitics & the Day After
As we enter December, we are looking ahead to see what the world's current crises have to offer us in 2023. The Chinese people are beginning to protest after two years of Covid lockdowns, which could have major implications for the political and economic stability of...
Preparing for 2023: Will it be Atë’s Chaos or an Orderly (Dis)Equilibrium that seeks its Metis and the Logos?
Over the course of 25+ years, we came to believe that inflation was dead, there was no alternative to stocks, interest rates will stay low forever, tech companies’ stocks will shield our portfolios from downturns, and that the big daddy, a.k.a. the Fed, will take care...
Productive Thinking
I will admit, I have probably devoted too much of my free time in the past three weeks to following the slow-moving train wreck of Elon Musk’s Twitter takeover. For those of you with better taste in your news consumption, fear not – this commentary is not about...
Weekly Market Update
Global Market News Global Equities Stumble Global equities were slightly down on the week. The S&P 500 and Dow Jones declined 0.69% and 0.01% respectively, while the Nasdaq dropped 1.57%. The yield on the US 10-year Treasury was barely up on the week, closing at...
Geopolitics & the Day After
November 17, 2022 The world is facing a myriad of interconnected challenges, or "megathreats", that threaten to topple global stability. Geopolitical conflict is exposing and exacerbating the weaknesses in both domestic and global economies, which as a result has...
