Rough Week

The FOMC meeting saw no change in rates, but markets got hit pretty hard. What happened? The primary surprise was ... Read More

 

What Now?

Last week had a lot of data, but stock markets didn’t really move? Was the data meaningless? I don’... Read More

 

Inflation and the Big Week Ahead

There’s a lot going on this week, but the CPI report on Wednesday morning probably has primacy. Until last ... Read More

 

Be Water

Having covered Japan and bonds, I suppose I should go over the third risk I’ve talked about, liquidity. Liquidity ... Read More

 

Bond. Treasury Bond.

There’s a lot going on in markets, right now. In cases like these, I think it’s important to ... Read More

 

Further Along the Japan Story

As talked about last week, Japanese troubles seem to matter. Their yield curve control (YCC) adjustment has caused their bond ... Read More

 

The Land of the Rising Sun

Japan has been getting exciting, lately. Inflation has been back on the rise, with core inflation looking sticky around 4.2%. At ... Read More

 

Q2 2023 Quarterly Report

Last year, we did quite well by staying defensive. This year, that has looked like a horrible decision. What changed? ... Read More