What a week. Here are three things I think I am thinking about. 1) The (gulp) election. Thursday's Presidential debate was stunning. I jokingly tweeted in advance that we were all going to tune in [...]

Here are three things I think I am thinking about: 1) The Concentration of the Mag 7 is Both Good and Bad. In a recent piece I discussed the risk of concentration in the US [...]

I am ready to call it. The Fed should cut rates. July would be the right time to start in my opinion. To be clear, I don't think they will do this. I still think [...]

One of the persistent themes in recent years has been the high and increasing concentration in US stocks. In fact, the outperformance of US stocks has been driven almost entirely by large cap US tech [...]

Here are three things I think I am thinking about this weekend. I kid. It's all one thing, but here are three thoughts on that one thing: 1) The Labor Report Was [Fill in the [...]

Here are three things I think I am thinking about this weekend: 1) Is the Disinflation Trend about to Gain Momentum Again? Friday's PCE report showed further improvement in inflation down to 2.75% compared to [...]

The most interesting debate going on these days is about consumer sentiment. The US economy has outperformed expectations by most metrics. The stock market is booming, real GDP is at potential trend, wages are growing [...]

Here are three things I think I am thinking about this week: 1) Is QE Debt "Monetization"? It's been 15 years since I first said that the Fed wasn't "monetizing the debt". My original work [...]

Here are some things I think I am thinking about this week: 1) CPI comes in soft Wednesday's CPI report was a big relief for the Fed after 4 consecutive upside surprises. The key metric [...]