Markets

Flash Report: MUSI shifts to Transition

Positive risk sentiment offsets negative fundamentals, for now.

Blog: The Action/Reaction Myth and Markets

The waiting is the hardest part. -Tom Petty

Blog: AI Bubble - Are we there yet?

Bubble conditions are here. But risk sentiment is positive.

Blog: Inflation's Rashomon Effect

Tariff inflation is in the eye of the beholder.

Blog: Complacency, Acquiescence and Low Uncertainty

Low risk may not mean low uncertainty.

Blog: The Yield Curve Signals More Uncertainty

Bond yields and Macro expectations.

Blog: Transitory Inflation, Permanent Rise in Price

The meaning behind words/jargon matter.

Blog: Dangers of Decision Making Under Complexity

Complacent rather than Ballistic Behavior reigns in the market.

Blog: Why Are US Treasuries No Longer "Safe?"

Maybe bonds are acting like high inflation is already here.

Blog: Tariffs, Reciprocal In Name Only, Make Markets Fragile

Downside risk is larger than upside opportunities.