William Shakespeare famously quipped “What Is Past Is Prologue.”  Success in most endeavors, including investment markets, requires an understanding of historical antecedents and learning from their implications for the future. Perhaps you know the phrase “Those who fail to learn from history are destined to repeat it.”  We prefer to apply what has come before […]

Our friends at Strategas Securities LLC developed the  Everyday Person Consumer Price Index [EPCPI] to better  understand how the average consumer experiences inflation in their world. The Everyday Person CPI consists only of the components every consumer must buy – Food, Energy, Shelter, Insurance, and Children’s clothing. Understanding how the everyday person experiences their cost […]

William Shakespeare famously quipped “What Is Past Is Prologue.”  Success in most endeavors, including investment markets, requires an understanding of historical antecedents and learning from their implications for the future. Perhaps you know the phrase “Those who fail to learn from history are destined to repeat it.”  We prefer to apply what has come before […]

Semi-Monthly Brief William Shakespeare famously quipped “What Is Past Is Prologue.”  Success in most endeavors, including investment markets, requires an understanding of historical antecedents and learning from their implications for the future. Perhaps you know the phrase “Those who fail to learn from history are destined to repeat it.”  We prefer to apply what has […]

Semi-Monthly Brief William Shakespeare famously quipped “What Is Past Is Prologue.”  Success in most endeavors, including investment markets, requires an understanding of historical antecedents and learning from their implications for the future. Perhaps you know the phrase “Those who fail to learn from history are destined to repeat it.”  We prefer to apply what has […]

The Federal Reserve sets the overnight policy rate. The 2-year Treasury Note yield communicates the path investors expect policy to follow. Over five decades, the market usually moved first when the Fed ultimately changed direction. Our question: Does every market signal deserve to be heeded? The Finding: The 2-year period usually anticipates the Fed The […]

William Shakespeare famously quipped “What Is Past Is Prologue.”  Success in most endeavors, including investment markets, requires an understanding of historical antecedents and learning from their implications for the future. Perhaps you know the phrase “Those who fail to learn from history are destined to repeat it.”  We prefer to apply what has come before […]

Our friends at Biard |Strategas developed the  Everyday Person Consumer Price Index [EPCPI] to better  understand how the average consumer experiences inflation in their world. The Everyday Person CPI consists only of the components every consumer must buy – Food, Energy, Shelter, Insurance, and Children’s clothing. Understanding how the everyday person experiences their cost of […]

Financial markets discount future expectations. Economic statistics generally report what has already happened. The difference between these two realities helps explain why markets can sometimes appear disconnected from the economy—at least until subsequent economic reports begin to validate what asset prices had already suggested. That disconnect can prove particularly frustrating during rising markets. Investors understandably […]