When Volatility and Turmoil March On
The market moves of this week have certainly garnered a lot of attention and inspired much ink to be spilled speculating on causes, meaning, significance, and future ramifications. Indulge us as we add our own voice to the mix. While stocks had their largest point...Fed in Action, Volatility, and Expectations: Are There Any Clear Signs?
The Fed cut rates yesterday by 50 bps. It was a move expected but not between meetings of the FOMC. Such a rush sent the wrong signals, generated some panic (“they know something”), misfired, undermined credibility, and limited its ability to act when the next...Market Outlook: Demand-Side and Supply-Chain Risks
The Coronavirus is spreading beyond China and that shook the markets both last Friday and even more so yesterday to the point that equity indexes are down for the year. On the other hand, long-term Treasuries and gold continue performing very well. Both of them are up...Debt, Aristotle, and the Fed: A Virtuous Vice?
There is little doubt that the accommodative/expansionary monetary policy of the last 10+ years has been chasing investors and funds out the risk curve but also down the quality ladder. The voracious issuance of corporate debt has been encouraged by a dovish Fed,...A Whole New World for Brands
“So your advantage of scale can be an informational advantage. If I go to some remote place, I may see Wrigley chewing gum alongside Glotz’s chewing gum. Well, I know that Wrigley is a satisfactory product, whereas I don’t know anything about Glotz’s. So if one is 40...Sign Up for Our Publications
