Right now the market’s focus isn’t Covid-19, but rather on how the collective population perceives Covid-19. The swiftness of our recovery depends on the psychology of global consumers. If fear is widespread for some time, the recovery will be slow. If fear dissipates quickly, the recovery will be fast. In our summer note, we use real-time alternative […]
Forty-six days ago, we wrote “This Time is Different”, the same day the US confirmed its 100th Covid-19 case. Since then we’ve seen massive market gyrations, peak Covid-19 growth rates, and the biggest monetary + fiscal packages in history. It seems like it has been many months – but no, just a long 46 days. […]
As you already know, we are in unprecedented times. The first quarter of 2020 marked the worst performance in history for the Dow Jones Average, crude oil had its worst quarter ever, and credit volatility is surpassing the extremes of the Great Financial Crisis. Should we panic about our portfolios? Absolutely not. We understand moments […]
The beginning of a new decade is upon us. Markets will go up in the 2020s. They’ll go down too. While this appears obvious – it is important to remember that the 2020s will have twists & turns, successes & pitfalls - just like the years before them. However, the past is not always a […]
The more stress on businesses = more stress on profits = more stress on markets. Are things going well? Are they not? Are they are about to go bad? What in the world is going on?
