A Rant on the Yield Curve Inversion

Where Does the Terminal Rate Need to Go?    Source: Bloomberg. As of 11/18/22.    It’s pretty clear the pace of rate hikes will slow down soon, although we believe we are far from returning to the easy money policy experienced the last 10+ years. Given the...

The Market in Pictures, August 19

Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and the way they fill the puzzle of evidence:   Derek: We’ve had quite a bounce in equities since mid-June, how does it compare to previous bear market rallies...