October 17, 2023
First, to visualize core inflation itself, recent reversal aside, we see 6-month trending downward nicely within 2023. Target for CPI is more like 2.5% (long story), and that we comfortably have something in lower half of 3% already with a... Read More →
Market Commentary 3Q 2023
KEY TAKEAWAYS Leading Indicators Still Point to Recession Deficits and Debt Back in Focus Compelling Risk/Reward for Bonds Stocks Need Broader Fundamental Support Focus on Protecting Capital ECONOMY – LEADING INDICATORS POINT TO RECESSION We continue to believe that... Read More →