Volatility and Complacency

The stock market seems to have been incredibly complacent, of late, at least as measured by volatility. Generally, volatility moves ... Read More


It’s All Good?

For whatever reason, investors are awfully complacent. Maybe I’m being too negative, but panic has to start from somewhere. ... Read More


Is the Banking Crisis Over?

That seems to be a pretty common question, out there. We had a few banks go under, then it’s ... Read More


The Dual Problem

It seems like many are having a hard reconciling two competing thoughts in their head. On the one hand, some ... Read More


Everything Is Fine Until It Isn’t

There are certainly a diverse set of opinions out there, right now. The timeliest dichotomy is probably the idea of ... Read More


Everything Is Fine Until It Isn’t

Banks had a spot of trouble and the federales responded. Can we get back to pushing stocks up, or is ... Read More


Well, That Escalated Quickly

I don’t want to go into the details of the Silicon Valley Bank’s (SIVB) failure, as there are ... Read More


Minsky Moments

A Minsky moment happens when a long period of stability encourages a diminished expectation of market risk. That, in turn, ... Read More