The Next Problem for Banks
Stating the obvious, banks have a problem. Perhaps less obvious, we think the market is focused on the less material risk. Banks failing is clearly a bad sign for the...
MGMT Insights
Volatility Gremlins
Ed Easterling of Crestmont Research coined this phrase a couple decades ago, describing how volatility impacts the growth of investment portfolios. The concept simply...
Fear the Zombies Part II
July 3, 2022
We wrote about zombie companies a year ago – companies that survived the COVID-19 lockdown, but that are not profitable enough to service debt and invest...
Positioning for Higher Inflation and Rising Rates
March 17, 2022
Are allocators over-exposed to duration? We believe the answer for most is a resounding “Yes” – both in equity and fixed income exposure. Here’s the deal;...
Global Supply Chain Issue, Inventory and What it Means
February 9, 2022
Supply chain issues have been talked about ad nauseam. The Fed points to it as a reason we have inflation today, which is partially/largely true – at...