by David Wagner | May 22, 2023 | Blog, Macro Updates
I broke a 2 year tradition: I was unable to get a musing out on George Strait’s birthday (D.O.B: 5/18/1952). He turned everyone’s favorite golf score, 71 – also the score booked by Michael Block in this past weekend’s PGA Championship. Two-part commentary this week:...
by John Luke Tyner | Apr 25, 2023 | Blog, Macro Updates
The recent performance of gold has caught investor attention. Following the banking sector stress, and a near-record drop in the US 2-year Treasury yield, markets have had a significant change in risk appetite. Markets have repriced from 100bps of further tightening...
by David Wagner | Apr 19, 2023 | Blog, Macro Updates
On the radio last week, I heard a classic John Prine song that had the following (slightly tweaked) lyric: “a clown puts his makeup on upside down, so even when he smiles, he wears a frown”. It’s actually a pretty funny song if you listen to the lyrics. I think it...
by David Wagner | Apr 10, 2023 | Blog, Macro Updates
Alright, let’s hit a polarizing topic because I’ve been asked this question numerous times over the last week or so – the currency debate. It’s no secret that the dominance of the U.S. dollar has been challenged for years decades. In fact, I saw a clipping from 1975...
by Joseph Sykora | Apr 4, 2023 | Blog, Energy, Macro Updates
As recently as last month, OPEC (Organization of Petroleum Exporting Countries) and its representatives suggested that they had no intention of cutting crude oil production for the remainder of 2023. It was only a month ago that rumors swirled around whether UAE would...
by John Luke Tyner | Mar 13, 2023 | Blog, Bonds, Macro Updates
2 Years a Movin’ To give some perspective on the move in Fed Funds rate the last couple days, we have just witnessed one of the fastest/ largest slides since 1987. Source: Bloomberg. As of 3/13/23. The chart above shows Fed Funds curve last...
