Michael’s contributions
The Paved and Unpaved Road
Summary
- Price volatility in stocks and bonds is normal and does not necessarily mean that market direction has changed
- Interest rate increases by central banks and the selling of bonds they’ve acquired (i.e., the reversal of their policy over the […]
Economic Participation
The breadth of participation in this economic expansion has been deep and broad, expect it to continue. The US recovery continues, with the pick-up in corporate earnings auguring well for a re-acceleration in wages and higher core inflation. In the euro area, the expansion […]
JOHNNY CASH
Overall, we are positive on 2018. Nonetheless, I believe cash has finally found a home again.
- Cash is once again a viable investment option – rather than just a safety […]
Outlook for stepping into the New Year
How stocks perform in January/February depends on whether an uncomfortable amount of volatility returns. The forward multiple assigned to the market puts pressure on companies to generate good results, speak ebulliently about their outlook, […]
A Tale of Two Bonds
It was the highest of yields, it was the lowest of yields, it was the age of up up up, it was the age of down down down, “it was the epoch of belief, it was the epoch […]