The Times, They are A-Changin

Stocks pushed higher Friday as the three major market benchmarks booked their best weekly percentage gains since November. On the economic front, the University of Michigan consumer sentiment index climbed in January to its highest level in nine months, which followed...

Merry Christmas and Happy New Year

t has been a tough 2022 for investors but our clients have done better than most mutual fund and hedge fund managers. Year to date, all of our clients’ portfolios have outperformed the Nasdaq (down 34%) and 90% of our clients have outperformed the S&P 500...

Attempting to defy the Phillips Curve?

A speech from Fed Chair Jay Powell on Wednesday sent markets flying amid signals that the central bank could begin slowing its aggressive interest rate increases. When the dust settled at the end of the session, the Nasdaq closed up a whopping 4.4%, while the S&P...

The Bitcoin fools lose their shirt

On Monday this week, Sam Bankman-Fried, the chief executive of the cryptocurrency exchange FTX, took to Twitter to reassure his customers: “FTX is fine,” he wrote. “Assets are fine.” On Friday, FTX announced that it was filing for bankruptcy, capping an extraordinary...

The Markets are going to be wrong again

Stocks surged and U.S. Treasury yields fell Friday after Federal Reserve Bank of San Francisco President Mary Daly said future interest rate increases could come in smaller increments to achieve the Fed’s target neutral rate. While the Fed seems set to again lift its...
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