Commentary

The Growth Slowdown Is Not Over Yet

Both the leading indicators of growth and liquidity continue to suggest growth will slow as 2023 progresses.

Commentary

Don’t Expect a Fed Pivot Just Yet

Following this week’s banking crisis and the return of government bailouts, investors and traders alike are once again calling for a Fed pivot.

Commentary

Is Now The Time To Buy Stocks?

The long-term outlook for stocks remains questionable, as most of my leading indicators of risk assets suggest sub-par performance over the next year or so.

Commentary

Is Now The Time To Buy Stocks?

The long-term outlook for stocks remains questionable, as most of my leading indicators of risk assets suggest sub-par performance over the next year or so.

Commentary

Why The Credit Cycle Is Set To Deteriorate In 2023

The credit cycle lies at the heart of our financial system.

Commentary

Disinflation is Just Getting Started

We are now seeing clear signs of a broad-based decline in inflation.

Commentary

The Labor Market Is Still Historically Tight

With wage growth still strong and unemployment low, the labour market is still historically tight. For now.

Commentary

Time to Buy the Dip In Energy?

Oil prices continue to struggle as recession fears have curtailed the market is recent months.

Commentary

The Dollar Will Weaken, But Not Yet

Over the long-term, the fundamentals of the dollar suggest a downward bias is likely.

Commentary

Why We Should Expect Higher Volatility For Longer

The credit cycle and the economic cycle are excellent leading indicators of volatility.

Commentary

Still Too Early For A Fed Pivot

The Fed’s mandate is stable prices and maximum employment.

Commentary

Buy Bonds, Sell Stocks

Stocks are overbought and overvalued relative to bonds.

Commentary

Time To Buy Bonds?

Regardless of your long-term view on bonds, Treasuries are beginning to look undervalued from a cyclical perspective.

Commentary

Inflation Is Peaking, But How Low Will It Go?

Yes, inflation is peaking.

Commentary

The Housing Downturn is Just Getting Started

As a result of higher mortgage rates, an oversupply of housing and falling demand, the downturn in the housing market is only just getting started.