As my astute Italian friend noted overnight, a key reason why there is always such a strong resistance to consider extreme outcomes like mon

One of the extraordinary features of the current inflation/rates episode is that the markets appear to be focused on the end of the tighteni

For those not familiar with the term, an “armchair general” is someone who portrays themselves as an expert on military or strategic matters

Since 1913, 90% of Fed rate cycles have ended in recession. On the positive side, as we have noted before, the real damage from higher rate

Earlier this week we had an interesting question on whether there was “value” in small companies, specifically US small companies. The obser

The lead guitarist of Guns N’ Roses has been described as a “train-wreck within a train wreck.” Nonetheless, Slash is likely one of the grea

Earlier this week we noted that according to chaos theory, the edge of chaos with maximum complexity exists between paradigm shifts. Followi

On Monday we suggested that there is an uncomfortable parallel with the market correction in the fourth quarter of 2018. That correction was

From our humble understanding of the Zodiac, the Tiger is a symbol of strength and bravery. Those traits will likely be needed for investors

An observation that we have frequently made is that the policy error in this cycle and the QE regime has not been tightening too early, but

It is always important how price responds to news. While the initial reaction to the January FOMC statement was relatively calm, the price a

The price action on Monday in the US session was rapid and emotional. It appeared cathartic to a degree given the very large volume and the