In sportfishing, certain types of fish are deemed keepers. Ones that are not too big (the prime 'breeders') - or too small - not worth...

When active investors look to allocate capital to risk assets there are three conditions that need to met: a degree of certainty,...

Now that Jay Powell & Co. have given up the pretense of a soft landing for the U.S. economy, risk markets are busy facing the harsh...

Inflation is not dead, it's just late to the party. Today's 'miss' on the CPI is further evidence that the price stability we are seeking...

I apologize in advance for the lack of conviction in this week's post but sometimes it just feels like it doesn't much matter what I say...

The Fed has seemingly gone from 'the gang that couldn't shoot straight' to being American Snipers. After Chairman Jerome Powell's...

This past weekend, I visited my friend and ex-partner at his summer home. The highlight was a wonderful bike ride along the shoreline of...

The 2022 NOAA hurricane forecast issued earlier this year gave a dire prediction of higher than average named storms for the season. So...

In his famous 1935 debate with Albert Einstein, Austrian physicist Erwin Schrödinger, in an effort to demonstrate the paradox of quantum...

A warm summer breeze has blown through our battered risk markets lately. And like those gentle zephyrs, it has been a welcome relief. But...