Some Relief from the Storm...
Another chaotic week of news, but this time the markets ended at a high point. Gary Cohn’s decision to leave the White House in a disagreement over the tariff decision caused a significant sell-off early in the week.
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U.S. and Them
Last week was the 45th anniversary of the release of maybe the greatest album of all time. So, it was only fitting that I was listening to the track ‘Us and Them’ while at the same time, trying to decipher the surprising news of the steel and aluminum tariffs.READ NOW >
The Rebirth of Volatility
Four years ago, I wrote a Weekly Research Briefing focused on the death of volatility. It was fairly easy to write given the certainty of Janet Yellen’s communication for the Fed to be the backstop for any errant items in the economy or global marketplace.READ NOW >
Time to Put on Your Dance Shoes
If you thought that the Winter Olympics were tough for Team U.S.A., just wait until you see the task at hand this week. We need to sell a quarter of a trillion dollars in Treasuries to many foreign buyers in a market with vertical interest rates and a falling U.S. dollar.READ NOW >
Just like a desert storm, the shift in market sentiment came quickly. And last week’s change not only hit risky instruments like equities, but it also sandblasted government bonds, credit and commodities (even gold!). This event is going to leave a mark on investors’ minds for some time.READ NOW >