The U.S. Dollar Wrecking Ball

The U.S. Dollar Wrecking Ball

“When you remember we are all mad, the mysteries disappear and life stands explained.” ─ Mark Twain In past letters, we have addressed the craziness of the current investment era multiple times. In August 2020, 10-year Treasury bond yields reached an all-time low of...
When will the Federal Reserve Pivot?

When will the Federal Reserve Pivot?

“If you don’t have price stability, the economy is really not going to work the way it’s supposed to.” ─ Federal Reserve Chairman Jerome Powell, June 2022 At the end of May, the year-over-year inflation rate reached 8.6%, its highest level recorded since 1981. Due to...
Investing During Interesting Times

Investing During Interesting Times

“It’s no wonder that truth is stranger than fiction. Fiction has to make sense.” ─ Mark Twain Usually, when we write our quarterly investor commentary, we perform a deep dive analysis into one particular subject that offers long-term investment relevance for our...
10 Predictions for 2022

10 Predictions for 2022

“Never let the future disturb you. You will meet it, if you have to, with the same weapons of reason which today arm you against the present.” ─ Marcus Aurelius, “Meditations” Making predictions is always tricky, and short-term forecasts are seemingly more difficult...