IN THIS REPORT● MONETARY IMPOTENCE – A close look at the key decoupling of central bank policy and housing market activity. p. 1 – 2● BOND MARKET VIGILANTES: THE TERM PREMIUM THESIS – Inflation expectations and fiscal uncertainty send the long-end of the curve rising. p. 2 – 4● LABOR MARKET DETERIORATION – Troublesome trends Read more

IN THIS REPORT● THE PRIMARY SIGNAL – Why research suggests that common headlines, from geopolitical tensions to political cycles, are often secondary forces compared to the single most quantifiable variable in modern markets: interest rate expectations. p. 1 ● REGIME ANALYSIS – Statistical evidence from four distinct market inflection points over the last decade that proves Read more

IN THIS REPORT● GOLD ALL-TIME HIGH SIGNALS DEFENSIVE ROTATION – The yellow metal leads the rotation to defensive assets. p. 1 – 2● LONG VOLATILITY – The normalization of monetary policy from the Bank of Japan, the unwinding of the Yen carry trade and volatility ramifications. p. 3● NVIDIA BLOW-OFF TOP – Technical indicators suggest Read more