Bond Market Review – 3/07/2022

Back in the U.S.S.R. The Beatles tune made it sound like a good place to visit, but for decades the Soviets had to build walls and use armed guards to keep people in. Vladimir Putin managed to wait for the Chinese Olympics to end in order to invade Ukraine in an...

Bond Market Review – 2/18/2022

Exit Pandemic – Enter Pandemonium Much of the downside of the pandemic has been reversed – though it’s still hard to understand news and interviews through masks. If you’re still writing the Year of the Ox on your checks, the Chinese Year of the Tiger...

Bond Market Review – 1/31/2022

Déjà vu – all over again From a personal perspective, January 2022 was very much like 2021. I managed to contract Covid in the early days of each month. Much like the first episode, I felt the onset of great fatigue and had to weather out the storm. Though not...

Bond Market Review – 12/31/2021

Pivots and Divots 2021 will end having seen huge pivots in the markets, Fed policy, politics, and economic recovery. The Fed finally capitulated that inflation is more permanent and finally retired the use of ‘transitory.’ They are as hawkish as they’ve been since the...

Bond Market Review – 12/14/2021

Omicronal Rodeo The markets reacted with renewed panic on the news of yet another Covid variant entering the fray. The first few reports we heard said the Omicron variant was very contagious but not very dangerous. Those continue as even follow–up reports said Omicron...