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?
“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
“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...
