Month: December 2022

The Inflation of the 1970s is Different From Today’s In the prior Macro Note, we discussed the short-term inflation dynamics […] To access this content please upgrade to another membership

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Back in June we laid out our thesis on why oil prices would fall and drive disinflation. In our last Macro Note we detailed how falling gasoline prices have driven the weakening CPI this year. In an article in August, we reiterated our view that oil was overvalued, as found by our model. We assigned […]

Here is today’s premium video covering: Recent developments on global bond yields The likelihood that this persists in the longer […] To access this content please upgrade to another membership

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Services (ex-Shelter) is Cooling Off Over the last few months, we’ve been documenting our view that inflation was on the […] To access this content please upgrade to another membership

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Growth Stocks See Reversal of Good Fortune In the last Macro Note we detailed our portfolio’s exposures to value and […] To access this content please upgrade to another membership

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Here is today’s premium video. Side note: Since this video was filmed, the SP500 has seen additional volatility during the […] To access this content please upgrade to another membership

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Falling Rates Favor Growth Stocks In today’s Macro Note we expand our recent work on value and growth by taking […] To access this content please upgrade to another membership

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The SP500 has hit 3800 points in short order. Our expectation was to see a correction after hitting the 4100-point […] To access this content please upgrade to another membership

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The SP500 has hit 3800 points in short order. Our expectation was to see a correction after hitting the 4100-point target and see a resumption of the uptrend off the 3800-point support level. The correction over the last couple of weeks has been strong and has not yet shown signs of reversing yet on the […]

Returns to Value Stocks Depend on How We Define Value Last Friday we posted a Macro Note explaining the secular […] To access this content please upgrade to another membership

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