Is It Worth Locking in 4%?

Is It Worth Locking in 4%?

4% yields look attractive. Are they?   Rate Environment   We are writing this on 11/2/2022 as markets await the 1pm CST FOMC (Federal Open Market Committee) statement followed by Chairman Powell’s press conference.  Another 75bps hike seems to be a given. ...
Is It Worth Locking in 4%?

Q3 2022: A Market in Constant Sorrow

“O Muse!, Sing in me, and through me, tell the story, Of that skilled investor, in all ways of contending, An asset allocation, searching for alpha years on end…” -Invocation of Muse   An Invocation of Muse serves as a prologue of events to come, famously used by...
Is It Worth Locking in 4%?

Q3 Recap and Chart Book

This is our biggie each quarter, pages of charts and the context to go with them. As always, we think the windshield view is far more relevant than the rearview. But it’s through the rearview that we get a sense of the path traveled to this point, helping to set...
Is It Worth Locking in 4%?

Everything is a DCF

We are three quarters through 2022 and it’s been a tough year. We’ve weathered this market turmoil, but I’m fully aware being down ‘less’ is not something most investors view as a win.  Let’s recap what’s happened, while keeping our focus forward. The windshield...
Is It Worth Locking in 4%?

Curb Your Enthusiasm, Video Version

Dave wrote a fun piece summarizing our team’s 2022 Outlook, seen here as It’s Time to Curb Your Enthusiasm in 2022. He and John Luke decided to give it extra life with a discussion about the piece and outlook. See below for the video and transcript:  ...