The Fat Pitch

Summary : The balance of the macro data remains positive. A  recession starting in 2019 is unlikely, but, for the first time, a recession in...

Summary : The 25bp rate cut by the FOMC this week was warranted given ongoing weakness in housing, but the balance of the macro data remains...

Summary : A small "insurance" rate cut by the FOMC later this month appears warranted given ongoing weakness in housing, but the b...

Summary : It's been a noisy few months for macro. The prolonged government shutdown in December significantly delayed many data reports....

Summary :  The Fed may soon cut rates and that prospect is making investors nervous. Is the start of easing necessarily bad for equities? In...

Summary : It's been a noisy few months for macro. The prolonged government shutdown in December significantly delayed many data reports....

Summary :  T he macro economic story has started to change. The  data from the past month continues to mostly point to positive growth, but ...

Summary :  T he macro economic story is starting to change. The  data from the past month continues to mostly point to positive growth, but ...

We were interviewed by Cris Sheridan of  Financial Sense  on November 12th. During the interview we discuss the macro-economic environment, ...

Summary :  T he macro  data from the past month continues to mostly point to positive growth .  On balance, the evidence suggests the  immin...

Summary :  T he macro  data from the past month continues to mostly point to positive growth .  On balance, the evidence suggests the  immin...

Summary :  T he macro  data from the past month continues to mostly point to positive growth .  On balance, the evidence suggests the  immin...

Summary :  T he macro  data from the past month continues to mostly point to positive growth .  On balance, the evidence suggests the  immin...

Summary :  T he macro  data from the past month continues to mostly point to positive growth .  On balance, the evidence suggests the  immin...

We were interviewed on Real Vision Television on May 29th. During the interview, we discuss our long term equity market view, the current ma...

Summary :  Debt is a perennial worry.   It's a natural human tendency to think of debt as bad, that by incurring debt we are living beyo...

Summary :  T he macro  data from the past month continues to mostly point to positive growth .  On balance, the evidence suggests the  immin...

Summary : It's true that equities fall before the start of most recessions. So why bother following the economy; why not just follow the...

Summary : Demographics is a key driver of economic growth (and, thus, the stock market). Many investors fret over the aging of the Boomer ge...

Summary :  T he macro  data from the past month continues to mostly point to positive growth .  On balance, the evidence suggests the  immin...