Weekly Market Update
Global Market News Global equities have another rough weekAfter a rough start the week, global equities regained some momentum but still fell short on the week. The S&P 500 and Dow Jones ended the week down 0.42% and 0.51%, respectively, while the Nasdaq barely...
The Day After & the Era of Transformation
Here is our take on the articles summarized below: In times of volatility and uncertainty, William of Ockham would teach that the best bellwethers are often the simplest. For this reason, we focus on two of the main forces driving the markets: inflation and...
Price is What You Pay. Value is What You Get. Part II
“All of humanity’s problems stem from man’s inability to sit quietly in aroom alone.”Pascal I used the quote from Pascal above to close out a piece a couple ofmonths ago. In it, I lamented that investors seem obsessed with alwaysfinding monocausal explanations for...
Weekly Market Update
Global Market News Global equities down on the weekGlobal equities declined this week as inflation fears sparked a selloff. The S&P 500 and Dow Jones ended the week down 1.39% and 1.14%, respectively, while the Nasdaq closed down 2.34%. The yield on the US 10-year...
Geopolitical Challenges and Statecraft
The world seemed to hold its breath when Covid struck, but the winds of change are blowing once again. Israel and Gaza sit at the edge of war, with violence and unrest mounting. China and Russia continue to strengthen their partnership against the US. Germany sees the...
From Adam Smith and Isaac Newton to Helicopter Money and Superstrings: Crises, Niels Bohr, and the Nash Bargaining Solution
We believe that it is almost a universal belief that the Day After the pandemic our societies will be operating under new norms. The rising debts follow a parallel path with the rising geopolitical rivalry. The declining educational standards also seem to follow a...
Crossroads: At the Intersection of Geopolitics and Geoeconomics
Here is a summary of the most important events that unfolded last month, and which may affect economic, financial and geopolitical issues in the months ahead: North America Last month, the US announced a series of measures against Russia, including financial...
Weekly Market Update
Global Market News Global equities gain on the weekGlobal equities made gains this week. The S&P 500 and Dow Jones ended the week up 1.23% and 2.67%, respectively, while the Nasdaq closed down 1.51%. The yield on the US 10-year Treasury dropped slightly to 1.57%...
The Day After & the Era of Transformation
Here is our take on the articles summarized below: While we are certainly in a better place than we were a year ago at the pandemic’s onset, low vaccination rates and virus variants are threatening to derail the globe’s recovery. An additional risk to recovery...
Market Perspective, Verisimilitude, and Punishment: Lessons from Euripides’s Electra
During a recent trip overseas, a client asked me why I admire Edmund Burk. The question should not have caught me by surprise as we frequently discuss the impact of politics on the markets, but my immediate reflection/answer was to quote W. B. Yeats whose poem “The...
