Equity Risk Premium

Equity Risk Premium (ERP) is the excess return that investing in the market provides over the risk-free rate. That excess ... Read More


Message Received

Markets went from riding high to feeling low, last week. What happened? You can look at a variety of things, ... Read More


Be Like Water

There’s a lot of prognosticating going on, as there’s been a lot of volatility. There’s also quite ... Read More


Wen Lambo?

For those who think I may have lost my mind, first, you may be right. Second, the phrase in the ... Read More


Process First

Here’s the thing: the future is unknowable. That’s problematic, as this job is based on predicting what’s ... Read More



We’ve had another nice bounce, and once again, some are wondering if we’ve seen the bottom of the ... Read More


The CPI Disaster

The market, appropriately, focuses on Core CPI, because that’s what the Fed says they look at. Core CPI saw ... Read More


Hope Springs Eternal

Way back in July, we got to a level of stress historically consistent with the Fed coming in to save ... Read More