As a good Greek, I tried my best to disengage from work during the month of August and rest up before hitting the road on an unusually aggressive fall travel schedule. That said, in the early part of the month, I felt obliged to write a quick note from the beaches of...
The Fed, the BoJ, payrolls, the US presidential election race, tech earnings, and the escalation in the Middle East have all conspired to create some heavy derisking. Volatility was low, and complacency was high heading into the mid-July all-time highs for spoos. And...
Before launching into today's missive, I want to highlight an upcoming conference call which will take place on Thursday, August 1st. In virtually every meeting with clients over the last few months, the dominant focus has been the US Presidential election. Sure,...
Over the last three weeks, the odds of a Trump victory have jumped markedly. Biden's debate performance, Trump's judicial wins, and the awful events in Bethel Park last Saturday have all contributed to the shift. And while other macro forces such as softer inflation...
Long Streetsmarts, Short Booksmarts: 10-Jan-2017 Over the last two months my market discussions with clients and colleagues have centered exclusively on the expectations for Trump economic policies – specifically fiscal policy, regulatory policy, immigration policy,...
Long Streetsmarts, Short Booksmarts: 10-Jan-2017 Over the last two months my market discussions with clients and colleagues have centered exclusively on the expectations for Trump economic policies – specifically fiscal policy, regulatory policy, immigration policy, trade policy, and monetary policy. And in discussing each of these, it is worth recalling that a few days after […]
