treasury yield

Assessing U.S. Consumers’ Health, Crisis in the East, and Repricing the Cost of Capital

The resurgence of the long end of the yield curve back to the high in October 2022 has puzzled many strategists and investors. Compared to last year when CPI inflation was at 8.3% y/y and the Fed was barely halfway through its monetary policy tightening cycle, CPI inflation today has fallen to 3.2% y/y (July)ContinueContinue reading “Assessing U.S. Consumers’ Health, Crisis in the East, and Repricing the Cost of Capital”

December 2018: Outlook, Update On Asset Allocation Model and Sector Valuation Overview

Thesis Review, US Treasury and Emerging Markets Prior to discussing our model update and 2019 sector outlook, we want to review our investment thesis from last month (Nov 24th), which has been panning out nicely. In the post we wrote: “In the anticipation of Fed backing-off from rising rates further in 2019, we do believeContinueContinue reading “December 2018: Outlook, Update On Asset Allocation Model and Sector Valuation Overview”