
Volatility Cocktail
2024-09-05“It’s one thing to not be overwhelmed by obstacles, or discouraged or upset by them. This is...

The Shot Heard Round The World
2024-08-27“Practice gratitude. It’s tempting to whine and complain when things go wrong. But it’s crucial...

Macro Thoughts – Recalibration or Accommodation
2024-08-20“What’s ironic (or perhaps natural) is that research tells us that we judge people in areas where...

Macro Thoughts – Fasten Your Seatbelt
2024-08-05Thought to ponder…
“Every action you take is a vote for the type of person you wish to become. No...

The Good and Evil Angels and Powell’s Shoulders
2024-07-29“’We have perceptions about our experience, and we judge them: ‘This is good.’ ‘This is bad.’ ‘...

Macro Drivers Impacting the Markets: Election, Inflation/Interest Rates, Earnings
2024-07-22“Anyone who is of sound mind and body can sit down and think of twenty things in their life that...

The Case for Recalibrating Rates Gets a Winning Streak
2024-07-15“Everything can be taken from a man but one thing: the last of the human freedoms—to choose one’s...

Weak Labor Data and Reduced Growth Expectations Boost Rate Cut Hopes
2024-07-08“’Passing through difficulties.’ We often feel that suffering will engulf us, or that the...

Weaker Economic Data vs. Nvidia Juggernaut
2024-06-26“You never change things by fighting the existing reality. To change something, build a new model...

Haywire Labor Data Points in Every Direction
2024-06-11“I think of all the people I have spoken to who have said, ‘When I know exactly what the next...

Softer Nowcast Data and Price Cuts
2024-06-03“The time we spend worrying is actually time we’re spending trying to control something that is...

What a Title Fight Would Look Like Between AI Leaders & Economic Data
2024-05-28“Persistent and consistent effort over time can yield results. “So far” and “not yet” are the...

Downshift in Inflation Pressures and Strong Earnings Breed Optimism
2024-05-20“Adversity, illness, and death are real and inevitable. We choose whether to add to these...

Cutting Through the Noise
2024-04-30“Remember, if there is one core teaching at the heart of this philosophy, it’s that we’re not as...

Macro Thoughts – A Return to the Bond Market Driving the Boat
2024-04-08“Joy comes to us in moments—ordinary moments. We risk missing out on joy when we get too busy...

New Themes Emerge in 2024
2024-04-01Thought to ponder…
“Because of the spirit, I say. Because of the heart. Writing and reading...

Focus Point Institutional Research
2024-03-27“Most of us don’t think about the motivating force behind our decisions as we approach the...

Resetting Interest Rate Expectations
2024-03-20“A collection of talented individuals without personal discipline will ultimately and inevitably...

Macro Thoughts – Stuck Between A Rock and A Hard Place
2024-03-12Thought to ponder…
“We don’t have the power to choose all of our experiences, but we always have...

This Is What Momentum Looks Like
2024-02-07“Instead of competing to be the best, companies can—and should—compete to be unique. This concept...

Fairytale Endings With a Geopolitical Subplot
2024-01-30“Vast emptiness, nothing holy. What is the mind like if it’s not occupied with plans and schemes,...

2024 Outlook
2023-12-04“… after the laws of physics, everything else is opinion.“
— Neil deGrasse Tyson,...

Black Friday Expectations & AI Hype
2023-11-28“In the short run, the market is a voting machine but in the long run, it is a weighing machine.”...

Lining Up Doves
2023-11-06“After each storm, we become stronger, more solid, and soon we’re no longer fearful of storms. We...

Treasuries Grab the Wheel
2023-10-03“E. L. Doctorow once said that ‘writing a novel is like driving a car at night. You can see only...

Changing Forces
2023-09-27“Turbulence is dangerous. Its output—the pressure or velocity of water, the average or change in...

Cannot Live Up to the Hype
2023-08-29“Your outer world reflects the state of your inner world. By controlling the thoughts that you...

Rates Take the Stage
2023-08-10“The basis of karma is simple: you are the source of all your baggage. When you clearly perceive...

Super Bowl Week for Economists and Assets
2023-08-03“Another concept used to cope with uncontrollable events is known as amor fati which is Latin for...

The Plotline
2023-07-19“The very first lesson the Gita teaches us is how to handle fear. In the moments before the...

Recalibrating
2023-07-07“Enlightened thinkers know that their thoughts form their world and the quality of one’s life...

Coincident vs. Leading Indicator Debate
2023-06-15“Artists often have no idea what they’re going to create. They make art in order to know what...

A Different Reaction Function
2023-06-08“When Hinton was interviewed on the American television show 60 Minutes, the interviewer asked...

Skip, Pause, or Hike, Leans Towards Hike
2023-05-31“Our suffering is impermanent, and that is why we can transform it. And because happiness is...

2 Sides to Every Coin
2023-05-24“The purpose of setting goals is to win the game. The purpose of building systems is to continue...

The Fed vs. the Markets
2023-05-09“We cannot solve life’s problems except by solving them. This statement may seem idiotically...

Is a Recession Inevitable?
2023-05-03“Until you make the unconscious conscious, it will direct your life and you will call it fate.“
...

Picking Up Nickels in Front of Steamrollers
2023-04-25Thought to ponder…
“While I am not sure what my focus on truncating downside risk has cost...

Uneven Inflation Data and a Hawkish Fed
2023-04-18“In sum, no matter the domain, the highly successful had a kind of ferocious determination...

Technical and Narrative Chop
2023-04-14“For now, Americans are anything but united. A report from the Pew Research Center published in...

Narratives Converge
2023-04-04“The true hero is flawed. The true test of a champion is not whether he can triumph, but whether...

Fed and Market Expectations Diverge
2023-03-28“…be patient toward all that is unsolved in your heart and try to love the questions...

Recalibrating Policy to Bank System Realities
2023-03-22“To ‘leave the jersey in a better place’ means to work incrementally towards a better collective...

A Nudge in the Fed’s Direction
2023-01-09“The trap is this: only after we do the difficult work does it become our calling. Only after we...