The worst 3-month bond market performance in 40 years has investors wondering if the nature of risk changed. Now that we have flipped the...

It seems the U.S. monetary overlords have finally 'got religion' on inflation. That sudden clarity has provided a turning point for...

Jay Powell is about to do what he should have done six months ago. He's about to remove the fix from fixed income. Given all that has...

Copper As I write this week's blog, I am stuck for words for my audience. Those who bought the dip last week are now fighting the tape...

As we continue to heap uncertainty upon uncertainty as to the future course of events in Ukraine, investors are reacquainting themselves...

The investment thesis I have proposed to guide readers this year is playing out in spades. The economy will do better than the market as...

The Tuesday turnaround is upon us with the sudden cooling of Ukraine tensions. But before you know it, the narrative can still change...

Bonds are usually thought of as the comforting part of an investment portfolio. Low volatility, steady returns, and a sure-fire way to...

The bottom is in. But so is the top. Now what? The correction that resulted from the Fed's revised focus has quickly, and in some cases...

Here it is. The reason I named my blog. Long-suffering readers of my missives may vaguely recall the 2017 origins of this website. In an...