Equities and credit markets remain strong Valuations remain rich, underestimating macroeconomic risks Underlying data on profit margin...

Inflation prints were softer than expected, contributing to risk-on sentiment this week. Trade negotiations painfully slow. Leveraged...

Consumers and Services sectors are showing strain There is renewed focus on fiscal spending and deficits Leveraged Loan market is not...

Earnings and consumer data were mostly weak.  Equity markets rallied on a temporary US - China tariff truce. Credit markets tightened...

Executive Summary  The debt ceiling debate has once again captured national attention. U.S. Treasury bills maturing in August are now...

Consumer discretionary weakness contrasts with resilient labor market and strong services data. Fed acknowledges tariff-related risks but...

Discretionary Spending and GDP Weakness Companies tied to discretionary spending—such as leisure travel, hotels, and restaurants,...

Amidst a sea of headlines on tariffs, government overreach, recession, gold, & Bitcoin, the market narrative has become repetitive....

Over the past 2 weeks, the administration announced sweeping tariffs aimed at addressing country-specific trade deficits.