Notes from Jackson Hole

Fed Chairman Jay Powell finally delivered his long-anticipated address to leading economists and academics. A few quotes that caught our attention, not to mention the market’s attention:   “In the near term, risks to inflation are tilted to the upside, and risks...

The Market in Pictures, July 25

Our team looks at a lot of research throughout the day. Here are a handful that we think are good summations of investor activity, from junk stocks to megacaps, to housing and liquidity, to the impact of tariffs and trade on earnings and international economic power....

The Market in Pictures, July 18

Our team looks at a lot of research throughout the day. Here are a handful that we think are good summations of investor activity, from FOMC speculation to inflation breakdowns to earnings forecasts and market sentiment. Have a great weekend!   Jake: This may...
Illusion of Control

Illusion of Control

Risk tolerance is used (a lot) in the wealth management space, and I’m not sure anybody thinks about what they are saying at this point. Here’s the gist of what is usually meant: Let’s say you are aggressive as an investor. That tends to mean you can stomach the value...