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...
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...