Assessing the Historic Bond Rally
Biggest Two-Month Rally in 40 Years Optimistic inflation data, and a Fed in the driver's seat, have investors pricing in ~6 rate cuts in 2024. Source: Bianco as of...
Rearview to Windshield, January 2024
December ’23 Market Recap: Investors enjoyed broad-based relief in the fourth quarter. After rising sharply in Q2 and Q3, rates peaked in the fourth quarter fueled by...
The Market in Pictures, December 29
Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and the way they fit the unfolding puzzle of evidence: Joseph:...
Meet the Team : William Graham
You might have seen our Team Page with our full team lineup, showing us in the office setting, with the usual bios about backgrounds and roles. We wanted to show you who we...
The Market in Pictures, December 22
Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and the way they fit the unfolding puzzle of evidence: Dave: With...
Will the Dovish Pivot Stick?
The shift in expectations for future interest rates has become the top narrative of markets. Following last week's FOMC meeting, markets were thrilled to see the Fed add...
The Market in Pictures, December 15
Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and the way they fit the unfolding puzzle of evidence: John Luke: The...
December FOMC Update
As expected, the Fed left its target rate unchanged at 5.25% – 5.50%, matching market consensus. The updated rate forecast, or dot plot, doesn’t have another rate hike...
Is Cash King? Assessing Cash Against Bonds in Today’s Market
* For the purposes of this post “cash” is meant to be synonymous with 3-month treasury bills* Investors face a dilemma. Should they embrace the incremental risk of...
Shohei Ohtani’s Contract Value: What’s Your Discount Rate?
Recent reports set the baseball world abuzz with news of Shohei Ohtani, the dynamic two-way two-time MVP of the American League, signing a staggering $700 million, 10-year...
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