For many years I titled these remarks “Early Morning Commentary,” a commentary as to how I view of the socio economic and geopolitical issues facing the markets and the economy. I am flattered by the ...

15 January, 2021

The yield curve is the steepest it has been since 2016. The current difference between the 2 year and 10-year Treasury is about 100 bps (basis points) up from about ...

14 January, 2021

In nine days, the country will have a new president. Regardless of one’s view of the President, the primary villain or champion will no longer be in power. In my opinion during the ...

11 January, 2021

Equities continued their advance, rising on a potential stimulus plan that far exceeds anything yet passed. In my view Washington has lost total fiscal restraint and if ...

08 January, 2021

I commented Tuesday about the VIX “conundrum” where this measure of volatility is rising even as interest rates remain essentially unchanged. I had remarked perhaps the ...

06 January, 2021

Welcome to 2021! 2020 was the year of Black Swan Events. Will 2021 be the inverse? Will normalcy return, defined as established benchmarks again become relevant?...

04 January, 2021

Equities were mixed as optimism over a COVID relief bill was tempered by the emergence of a new variant of the virus and a slew of lockdown and travel curbs to contain it. Technology led at ...

23 December, 2020