Commentaries

Timely market commentaries from leading investment firms

Gold and Copper Look Well-Positioned in 2023

Retail demand for bars and coins in the U.S. and Europe hit a new annual record last year in response to stubbornly high inflation and the war in Ukraine. Western investors gobbled up 427 tons (approximately 15 million ounces), the most since 2011.

Back to the Drawing Board

Chief Economist Eugenio J. Alemán discusses current economic conditions.

Live Cattle Rallies on Inventory Report

The April Live Cattle futures, LCJ23, rallied as traders digested the United States Department of Agricultures (USDA) Cattle inventory report.

Contrarian Trade. Everyone Remains Bearish

From a contrarian investing view, everyone remains bearish despite a market that corrected all of last year.

February Fed Meeting: Tough Talk for a Smaller Hike

At the conclusion of its inaugural policy meeting of 2023 today, the U.S. Federal Reserve (Fed) delivered a smaller, quarter-point rate hike, as widely expected by markets.

A Walk Down Memory Lane

In 1965 I was studying for a degree in Engineering.

The Fed Is Focused On Service Prices

Inflation is a mixed picture, with services staying hot.

5 Dividend Growth Stocks Offering A Margin of Safety

During uncertain economic times – as we are experiencing currently – the ever-important principles of valuation and margin of safety become even more important.

The FOMC Won’t Blink

As expected and discussed in the January Macro Tides the December Consumer Price Index (CPI) dropped below 7.0% falling to 6.5% from 7.1% in November.

Fed Seeks to Balance Competing Risks

Investors face mixed signals between the Federal Reserve’s policy guidance and recent economic developments.

Regional Differences in European GDP Trends

On Monday, Germany’s GDP print for the final quarter of 2022 came out below expectations of 0.0% by -2%.

Don’t Call This a Flash Crash!

US market structure was back in the news recently with several stocks experiencing irregular price movements on the morning of January 24.

Research Reports

The Fed downshifted to a smaller rate hike to start 2023, but the job is far from done.

What to Watch

The market has high hopes for the Fed, however, comparing this to the Fed’s own expectations, we see a very different narrative.

Where is the Recession?

Inflation appears to have peaked, led by improvements in core goods prices and rate-sensitive sectors like housing.