The economic data wasn't particularly shocking or weak but it seemed as if last week may have marked a change in the economic outlook. The 10-year Treasury note yield only fell 7 basis points on the week but that only tells part of the story. Rates rose strongly on Monday, up 15 basis points at the high of the day. [...]
The 2nd quarter is officially over and it was one of the strangest I’ve experienced in my 33 year career. To jump straight to the punchline, if you owned large cap growth stocks, you had a great quarter. If you owned almost anything else, you didn’t and you likely lost money. I don’t know when the bear market in doing [...]
We've had an economic boom of investment in AI, manufacturing and infrastructure over the past 18 months. Secular trends like electrification, AI, a space based economy are real. Valuations for companies involved in equipment investment for new technology buildout are stretched. Who will be tomorrow's winners? We've had an economic boom in the US over the past 18 months. The [...]
Growth is slowing Inflation remains sticky Dollar stays firm Interest rates have probably peaked but higher for longer Growth peaked on a quarter over quarter seasonally adjusted annual rate in Q3 last year at 4.9%. The preferred reading is on an annual basis where growth peaked in Q4 of last year at 3.13%. Growth in Q1 was 2.88% and growth [...]
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