As the second summer post-Covid comes to an end, the markets seemed to follow everyone’s lead and take a vacation. To be short, our outlook hasn’t changed since our last note in April. We still feel very constructive moving into the middle stages of this new cycle. Job gains are strong, wages are high, and […]
In the first of our “short takes” of 2021, we talk about cycles – what they are, why they matter, and where the economy sits now. In summary, we’re at the end of year one of a new multi-year business cycle. That means everything is right on track from our outlook in December. And of […]
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. […]
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?
The beginning of the year in the markets took us round trip from the declines of the 4th quarter – but we would caution against thinking everything is ‘business as usual’.
