Central Banks
The New Fed & Bond Yields
June 25, 2026
A replay of our June 24, 2026 conference call
Our Research
Sample Our Reports, Presentations, & Market Insights
Financial News
What We’re Reading
June 3, 2026
Commentary & analysis of selected stories on June 3, 2026
Markets
AI Powers The Stock Market
June 1, 2026
The entire "war rally" in the stock market has been driven by AI. Take out AI, and the rest of the stock market has done little since gasoline started soaring.
Economy
What’s Going on in Japan?
February 5, 2026
Japanese yields have gone vertical and the yen's appreciation might have been the cause of January's market moves.
Markets
CoT Commentary: Metals Surge Extends to Palladium
February 2, 2026
The Commitments of Traders report enables investors to track changes in positions among various groups of traders/investors.
Economy
Wealth Distribution in the K-Shaped Economy
January 30, 2026
A comparison of the assets and liabilities of the wealthiest Americans versus the rest of the country
Markets
Are Weak Payrolls Due to Falling Population Growth?
August 12, 2025
Slowing payrolls and massive revisions might have more to do with collapsing population growth than a slowing economy. This is because the border is closed. Cutting rates to stimulate job growth will only lead to more inflation and exacerbate the...
Markets
The Rise of the Retail Trader
July 24, 2025
Unlike previous cycles, retail investors hold a much larger sway over markets. Who are retail traders?
Markets
Rise of the Retail Trader Part II: In the Drivers Seat
July 24, 2025
Retail investors have become a dominant market force and have successfully piled into equity markets this year despite professional money managers' uncertainty. How are these retail investors trading?
Markets
Rise of the Retail Trader Part III: Retail Versus Institutional
July 24, 2025
Quantifying retail traders' share of equity market volume reveals the group has become a dominant market force.
Economy
Credit Default Swaps & the Debt Ceiling
June 9, 2025
What is happening in the CDS market and why is the debt ceiling a critical factor in widening spreads?
Data Reports
Inflation Watch – Biggest Beat in More Than a Year
February 12, 2025
CPI came in much higher than expectations. Traders now see a roughly 50/50 chance the Fed remains on hold through the September meeting.