December 20, 2021 – As I’ve watched the Federal Open Market Committee (FOMC) of the Federal Reserve get more hawkish over the past months I’m reminded of my days playing lacrosse, specifically being back on defense. When your opponent has the ball you should be in a ready position with your weight on the balls of your feet, evenly distributed, and be ready to react to your left or to your right depending on which way the attacker moves.
December 1, 2021 – Fears around the newest COVID-19 variant, Omicron, have jolted investors out of a holiday lull, sending risk assets lower, bond prices higher, and whipsawing expectations for future Fed policy. We see the Omicron variant as widening the range of possible economic and market outcomes over the next three to six months.
November 22, 2021—Following the conclusion of the most recent Chinese Communist Party (CCP) Central Committee plenum on November 11, it now seems almost certain that Xi Jinping, currently 68 years old, will remain ruler for the rest of his life. Moreover, it seems that Xi will persist in pursuing his political and socio-economic policies, including the “common prosperity” business interventions he ordered in 2021.