Securitized Products Research and Strategy__OLD

Academy’s Securitized Products Research and Strategy is led by Stav Gaon, Ph.D. The research and data analytics department aims to provide unique research insights across securitized products, and serve as a trusted advisor to Academy’s institutional clients. Academy data-driven securitized research flagship publications are widely considered by the market as thought provoking, routinely highlighting “under the radar” value and opportunities. The department specializes in bottom-up deep fundamental analysis, collateral-specific underwriting, and structural, legal, and valuation nuances of structured finance investing.

Recent Pieces

2024

We learned more from CPI than the Fed?

June 12, 2024

How Tight Can Credit Spreads Go?

June 9, 2024

NFP Instant Reaction – It Was the Best of Times, It Was the Worst of Times

June 7, 2024

Revisiting Our Rate Outlook

June 5, 2024

Good Thing Markets Don’t Close at 2:30 pm

June 2, 2024

A Few Quick Things on This Memorial Day

May 27, 2024

Too Narrowly Focused?

May 19, 2024

Geopolitical Risks – Perception vs Reality

May 17, 2024

Will Tariffs Outweigh CPI?

May 14, 2024

With “Exceptionalism” Like This, Who Needs Enemies?

May 12, 2024

I Like My “Exceptionalism” To Be Exceptional

May 5, 2024

NFP Instant Reaction – Great for Markets – For Now

May 3, 2024

Is 10% the New 1%?

April 28, 2024

Should I Stay or Should I Go?

April 21, 2024

We Can Drive it Home…

April 18, 2024

Geopolitical Risk – Hedging the Unhedgeable?

April 14, 2024

And Then There Were None?

April 10, 2024

A Market Chart or a Rorschach Test?

April 7, 2024

Instant Reaction – NFP and MOAB

April 5, 2024

Guest Host Bloomberg TV April 1st Recap

April 2, 2024

“Rotations”

March 31, 2024

A Day for Acronyms

March 24, 2024

Post FOMC Thoughts

March 20, 2024

What’s the Record for Shortest Time from All-Time Highs to Bear Market?

March 17, 2024

The Threat of “Made by China 2025”

March 10, 2024

A Disturbingly Weak Report

March 8, 2024

Wall Street’s Trillion Dollar Mistake(s)

March 5, 2024

It’s Friday, I’m in Love

March 3, 2024

Time to Retire the Magnificent 7 Moniker

February 27, 2024

The Game of “Chicken” in Today’s World

February 25, 2024

NVDA Crushes It, Nasdaq 100 Still Lower Than Friday

February 22, 2024

A Market Only a Mother or AI Could Love

February 19, 2024

A Retrospective of All-Time Highs

February 11, 2024

How Full is the Consumer Consumption Glass?

February 7, 2024

Escalation and Expansion

February 4, 2024

NFP Instant Reaction – Simply Stunning!

February 2, 2024

Powell’s Walk-Up Song

January 28, 2024

Bitcoin ETFs – The Good, The Bad, and The Ugly

January 23, 2024

Wobble, Then Soar?

January 21, 2024

Weebles Wobble

January 15, 2024

An Eclectic Mix of Things to Mull Over

January 7, 2024

NFP Instant Reaction – A Weirdly Strange Report

January 5, 2024

The Times They Are A-Changin’ – Impacting Market Signals & Correlations

January 4, 2024

America the ___________

January 1, 2024

2023

2023 Year-End Forecasts

December 24, 2023

The Party is Over

December 21, 2023

From Stalemate to Victory?

December 17, 2023

Unthinking the Fed

December 14, 2023

Overstaying Our Welcome?

December 10, 2023

Bad for Bonds, Good for Stocks?

December 8, 2023

It’s 4:20. Do You Know Where Your Yields Are?

December 3, 2023

We Didn’t Learn a Whole Lot Last Week

November 26, 2023

Rally on Wayne! Rally on Garth!

November 19, 2023

Did One Word Change the Xi / Biden Meeting?

November 17, 2023

Xi / Biden – Photo Op or Defining Moment?

November 14, 2023

The Safety Dance

November 12, 2023

What a Fire

November 5, 2023

We Didn’t Start the Fire

October 29, 2023

The Moment You Feel the Game Slipping Away from You

October 22, 2023

Increasing the Market Risk Assessment Due to the Middle East

October 18, 2023

DC Has Done the Fed’s Job For Them

October 18, 2023

A Difficult Week on Many Fronts

October 14, 2023

Revisiting Maslow, “Safe” Assets, and Bubbles

October 4, 2023

Smart Borrowing Has Made Monetary Policy “Laggier”

October 1, 2023

My Favorite Oil Chart

September 30, 2023

Now We Fear the Fed?

September 24, 2023

The X Report: AI – Intelligent Life in DC?

September 21, 2023

TIC & Merc

September 19, 2023

99 Problems But the Fed Ain’t One

September 17, 2023

The Real Story is Real Yields

September 13, 2023

The G18

September 10, 2023

The Economist Who Cried Recession

September 4, 2023

NFP Instant Reaction – Goldilocks?

September 1, 2023

The X Report

September 1, 2023

Chess Checkers or Go – What is China’s Next Move

August 23, 2023

Lies, Damned Lies, and Statistics

August 20, 2023

Rates, “Credit” and Geopolitical Inflation

August 6, 2023

Fighting on Two Fronts, Land Wars in Asia & Consensus in August

July 30, 2023

Central Banks Taking a Back Seat

July 27, 2023

Ch-ch-ch-ch-Changes

July 24, 2023

Plato the Greek or Rin Tin Tin

July 17, 2023

More on the Battle for Rare Earths & Critical Minerals

July 14, 2023

The Battle for Rare Earths & Critical Minerals Heats Up

July 9, 2023

NFP Instant Reaction – What You See Isn’t What You Get?

July 7, 2023

What a Weird Week

July 3, 2023

Everything You Wanted to Know About Credit Trading but Were Afraid to Ask

June 30, 2023

Macro & Geopolitical Quick Takes

June 27, 2023

Ride of the Valkyries

June 25, 2023

Mid-Year Review & Outlook

June 19, 2023

Like a Toddler Taking Their First Steps

June 15, 2023

A Quirky Report

June 11, 2023

Markets Heat Up as Global Relations Cool

June 4, 2023

NFP Instant Reaction – A More Complex Report than the Headlines Suggest

June 2, 2023

Why are the Bulls Dancing in the Street

May 31, 2023

August 29 1997 – The Day the World Changed

May 29, 2023

The Emmy For Outstanding Reality Series goes to…

May 21, 2023

Rubbernecking

May 14, 2023

The Debt Shilling

May 11, 2023

Life in a Video Game

May 7, 2023

A Few Things on this Special NFP Day

May 5, 2023

Mommy, Where do Credit Losses Come From?

May 4, 2023

One and Donish

May 3, 2023

Smooth Sailing Ahead?

April 30, 2023

The Academy T-Report: Time to Lock in Some Themes

April 25, 2023

Not Angry Enough to Write?

April 23, 2023

Peanuts and Lula

April 16, 2023

Davy Jones and the Six

April 9, 2023

Slowing, Slowing, Gone?

April 5, 2023

Fortune Favored the Bold

April 2, 2023

Moving Beyond Banks

March 29, 2023

I Know What You Did Last Winter

March 26, 2023

Discretion is the Better Part of Valor – Again

March 24, 2023

KISS vs Too Clever By Half

March 22, 2023

Polar Vortex and Bank “Crisis”

March 21, 2023

Quick Rundown

March 20, 2023

It’s Gonna Be an 8 Cup of Coffee Type of Day!

March 19, 2023

Gasp, Gulp, Glug!

March 18, 2023

Solvency & Liquidity Meet Liquency & Solvidity

March 16, 2023

Where Are We Now Post “Intervention”?

March 13, 2023

I Like Mid Banks, I Cannot Lie

March 11, 2023

NFP, Debt Ceiling, & Bank FUD

March 10, 2023

The 2 Year Yields 5% – So What

March 8, 2023

Geopolitical Summit West Highlights

March 7, 2023

TGFF

March 5, 2023

A Day in the Life of a 0DTE Option

February 28, 2023

Surprise, Surprise!

February 26, 2023

The 5th Stage of Rate Hike Grief

February 24, 2023

Is 4000 More than Just a Round Number?

February 21, 2023

World War v3.1

February 20, 2023

An “Interesting” CPI & FedSpeak Day

February 15, 2023

999 Luftballons

February 12, 2023

Why Am I Fighting the Fed when I Agree with Powell?

February 8, 2023

Why Do I Keep Thinking 0DTE stands for Zero Dark Thirty?

February 5, 2023

Fed and Treasury Interest – Just the Facts

February 4, 2023

A Simply Stunning Jobs Report

February 3, 2023

My Current Favorite Six Slides

January 31, 2023

Ahead of the Fed – Ugh!

January 29, 2023

The Past is Great Darkness Filled with Eccles

January 22, 2023

For the Record

January 15, 2023

The Shifting “Politics” of Inflation

January 13, 2023

8 Seconds

January 12, 2023

A Simple and Clear View on Markets and the Economy

January 8, 2023

2023 Outlook – PAIN

January 1, 2023

2022

Re-Hashing When Price Becomes “Just” a Number

December 28, 2022

Bah Humbug!

December 26, 2022

The Path to Q1 Deflation

December 18, 2022

2+2=5

December 15, 2022

The Rise and Fall of Inflation Risk Factors

December 11, 2022

A Squishy Landing

December 6, 2022

All About That Base, No Trouble

December 4, 2022

Doesn’t Goldilocks Get Eaten in the End?

December 1, 2022

Academy Rates Forecast 2023-2025

November 29, 2022

Positioning & Key Drivers

November 27, 2022

Rates, Risk, and Taylor Swift

November 20, 2022

Thoughts on NAV – With Crypto in Mind

November 18, 2022

Quick Thoughts on GBTC

November 16, 2022

Chart Crimes

November 14, 2022

Was There an Election This Week

November 13, 2022

Watching on Election Day

November 8, 2022

Haley Joel Osment for Fed Chair

November 6, 2022

NFP Instant Reaction

November 4, 2022

The Fed and Powell

November 3, 2022

Let Them Eat Expectations

November 2, 2022

More Inflation Dumpster Diving

November 1, 2022

Even Wile E. Coyote Didn’t Hurt Himself on Purpose

October 30, 2022

Inflation Dumpster Dive

October 27, 2022

Why the Treasury Driven “Everything” Rally Will Continue

October 26, 2022

VUCA Squared

October 23, 2022

The Wall of Worry Knows No Bounds

October 16, 2022

Not That Anyone Cares, But OER Seems Crazy

October 13, 2022

For Your Eyes Only – OPEC+

October 12, 2022

TOP SECRET – Russia’s Nuclear Threat

October 10, 2022

Darkest Before the Dawn

October 2, 2022

The Good, The Bad, and The GoodBad

September 28, 2022

Braking, Breaking, Broken, Broke

September 25, 2022

How and Why the Fed Should Tweak QT

September 20, 2022

QT vs. Stagflation

September 19, 2022

Trader of the Year Awards

September 18, 2022

CPI, FedEx, and Economic Models

September 16, 2022

CPI

September 14, 2022

CPI’s 15 Minutes of Fame

September 11, 2022

Data Dependency when the Data Direction is Known

September 9, 2022

Wake Me Up When September Ends

September 5, 2022

Tilting the Scales

August 28, 2022

What Would A Crypto Crash Mean for Markets and the Economy

August 21, 2022

Town Car vs NYC Cab Strategists

August 18, 2022

Orwellian Moments Abound

August 14, 2022

Things You Will Never See

August 7, 2022

Brought To You by the Letter I – Inversion Inventory Incongruous

August 4, 2022

I Don’t Care, I Love It!

July 31, 2022

Did He, Or Didn’t He? That is the Question

July 28, 2022

Celsius 233

July 24, 2022

The Baby Needs New Shoes

July 17, 2022

Ugh!

July 10, 2022

You’re So Vain

July 3, 2022

The Fed Blinked and So Did We

June 26, 2022

...

June 25, 2022

...

June 25, 2022

...

June 21, 2022

DEFCON 2

June 19, 2022

Why Is DEFCON 1 Higher Than DEFCON 5

June 12, 2022

Damned if you Do Damned if you Don’t

June 5, 2022

Sunshine In My Pocket

May 30, 2022

We Laughed, We Cried

May 22, 2022

The “R” Word Rears Its Ugly Head

May 19, 2022

Traditional vs Disruptive Portfolio Construction

May 15, 2022

Nowhere to Run, Nowhere to Hide

May 9, 2022

Duck and Cover

May 8, 2022

Bad to the Bone

May 1, 2022

Is the Worst Behind Us?

April 28, 2022

The Not So Good The Bad and the Ugly

April 24, 2022

Welcome to Thunderdome!!!

April 17, 2022

Horsepower, Rube Goldberg, Translating QT to BPS

April 10, 2022

Weekend War Report

April 8, 2022

Austin Powers on the Yield Curve

April 1, 2022

Collecting Our Thoughts

March 27, 2022

What A Mess!

March 24, 2022

Who Needs Who

March 20, 2022

Russian Media De-Linking Acceleration 2nd Order Effects

March 13, 2022

Що Далі? (What’s Next?)

March 6, 2022

STUNNING!

March 3, 2022

Business Follows and Even Leads the Flag

March 2, 2022

Mirror, Mirror, on the Wall

March 1, 2022

Blue Skies over Golden Fields of Grain

February 27, 2022

Shock and Flaw?

February 25, 2022

From Worse to Awful

February 24, 2022

SWIFT – Too Many “Known Unknowns”?

February 24, 2022

District 12

February 22, 2022

The Beijing Olympics as Cultural Bookends

February 20, 2022

Post Biden – Updated Stance

February 18, 2022

Markets Battling 2 Fronts – Russia and the Fed

February 13, 2022

The Fed Inflation Rates Credit Markets

February 6, 2022

Failure To Launch

January 30, 2022

The Year Changed Again

January 23, 2022

We Do More By 9am Than Most…

January 17, 2022

How the Year Changed in Minutes

January 9, 2022

FEAR

January 6, 2022

The 2022 Outlook

January 2, 2022

2021

A Tale of Two Omicrons

December 26, 2021

TINA, BOGO, and FOMO’s Engines are Stuttering

December 19, 2021

The Markets Love the FOMC – For Now

December 15, 2021

Threading the Needle

December 12, 2021

Chalk & Cheese, Apples Oranges, Omicron & Delta

December 12, 2021

Inflation Like Greed Is Good

December 4, 2021

The Training Wheels are Off

December 2, 2021

Delta Gamma Omicron

November 28, 2021

The Politics of Sentiment

November 23, 2021

Take Me Down to the Bitcoin City

November 22, 2021

CONsumer CONfidence

November 15, 2021

The Quit Rate

November 7, 2021

Post FOMC Bond Market Outlook

November 4, 2021

All Fed Meetings Are Equal, But Some Are More Equal Than Others

October 31, 2021

Central Bank Policy Mistake or Fund Positioning Mistake

October 29, 2021

Grains of Rice, Chessboards, the 90’s & The Bond Market “Paradox”

October 27, 2021

Clear as Mud

October 24, 2021

Weird Occurrings in the Bond Market Even by Bond Market Standards

October 20, 2021

Is That It for Volatility?

October 17, 2021

Solving a Fake Crisis Is Not Winning

October 10, 2021

Mind Your Ts and Qs

October 6, 2021

A Butterfly Flapped Its Wings

October 4, 2021

Debt Ceiling Insanity

September 29, 2021

Denial A Parallel Universe or Just Algos Gone Wild

September 26, 2021

A Gentle Reminder – Lehman Was NOT a Moment

September 22, 2021

Same Old Song

September 19, 2021

Lost that Lovin Feelin

September 12, 2021

Untangling the Web

September 6, 2021

Two Thoughts and One Chart

August 29, 2021

Swamps, Bogs, and Afghanistan

August 22, 2021

Inflation – Yes. Hikes – No. Taper – Maybe

August 15, 2021

More Questions than Answers

August 8, 2021

The Recentralization of China

August 1, 2021

Turnaround Tuesday

July 25, 2021

All Dots Are Equal But Some Dots are More Equal

July 18, 2021

Voldemort and Things That Must Not Be Named

July 11, 2021

Don’t Know What I Want, But I Know How To Get It

June 27, 2021

How Did I Get the Rate Move So Wrong?

June 13, 2021

Road to Nowhere

June 6, 2021

A Short Long Weekend Note

May 31, 2021

One Strange Chart

May 25, 2021

The Crypto Plunge – A Hack Too Far

May 19, 2021

How Tight Can Credit Spreads Go

May 16, 2021

Where There is Smoke There is Fire

May 9, 2021

Dredging Up Pendulums

May 5, 2021

Look Ma No Hands!

May 2, 2021

Ahead of the Fed

April 28, 2021

Some Things Worth Revisiting

April 26, 2021

Buy! Buy? Bye?

April 18, 2021

Watch Russia

April 13, 2021

Boom Boom Boom

April 11, 2021

What is Consensus?

April 6, 2021

On The Road Again

March 28, 2021

When Bond Vigilantes Roamed the Earth

March 18, 2021

Nothing to do But Second Guess Yourself

March 17, 2021

Higher Yields? Really!?!

March 14, 2021

The Stimulus Check Mania?

March 12, 2021

Inflation Rates and Everything Else

March 7, 2021

The Biggest Lie on Wall Street

March 5, 2021

Come and Listen to a Story About a Man Named Jed

February 28, 2021

Three Simple Threads

February 26, 2021

Noah’s Arkk

February 23, 2021

Double Double Toil and Trouble

February 21, 2021

Maslow’s Hierarchy of a Credit Bubble

February 16, 2021

The Geopolitical Implications of Bitcoin

February 11, 2021

What 3% Means for Monetary Policy

February 7, 2021

Don’t Fall for the Magician’s Trick

January 31, 2021

Until the Michael Lewis Book Comes Out, Here’s What’s up with Robinhood/WSB

January 29, 2021

Let’s Get Ready to Rumble!

January 27, 2021

COVID Stimulus Yellen Tantrums

January 24, 2021

Scoreboard vs Narrative Good vs Bad Right vs Wrong

January 17, 2021

Mildly Bemused

January 15, 2021

Bond Market Outlook

January 10, 2021

Yields Real Yields and the Dollar

January 9, 2021

The New Year Starts on January 6

January 3, 2021

2020

What to Write When Only Bitcoin is Moving?

December 27, 2020

Cyber – Be Concerned If Not Afraid

December 20, 2020

It is Tesla Day

December 18, 2020

The Battle of the Bulge in the War on the Virus

December 13, 2020

Fixing the K-Shaped Recovery

December 6, 2020

What’s the Opposite of “K”?

December 3, 2020

Taking a Deep Breath

November 29, 2020

The Perfect Storm of “Sell the News” Moments

November 17, 2020

The Sequencing of Events Matters

November 15, 2020

Don’t Expect Another WFH Rally

November 12, 2020

Flanders Fields & Academy Securities

November 11, 2020

Rates, Risk, Rotation, Reserves, Run-offs, and #RTN

November 10, 2020

Keeping it Local

November 8, 2020

A Well Contested Election

November 5, 2020

Credit Flows & Relative Value

November 3, 2020

Ruh Roh Shaggy!

October 28, 2020

These Trades are Working & Will Continue to Work

October 23, 2020

Whales Waves SPACs Liquidity Greeks Game Theory

October 18, 2020

Charlie Brown & Stimulus

October 15, 2020

America’s Draghi Moment

October 11, 2020

Positive COVID Details

October 8, 2020

Why The Economy in Dec 2021 Will Be Better Than it was in Jan 2020

October 4, 2020

Don’t Be a Hero

September 24, 2020

When is 12% Unemployment Better than 8%

September 18, 2020

The “Curious” Trading Pattern in the Nasdaq 100 Continues

September 17, 2020

Onshoring Inflation Vaccines and Options

September 9, 2020

Introducing a New Species into the Trading Ecosystem

September 1, 2020

Split Your Shares and Issue Bonds

August 30, 2020

Is the Fed Catching a Tiger by the Tail?

August 27, 2020

Can Stock Splits Drive the S&P to 4,000

August 25, 2020

One Town’s Battle with Coronavirus

August 25, 2020

To S&P or Not to S&P, That is the Question

August 18, 2020

All Eyes on Yields?

August 17, 2020

Mea Culpa

August 3, 2020

Some Disturbing Thoughts on the Dollar

July 29, 2020

Oliver Twist, Earnings, Sell the News and China

July 27, 2020

A Hodge Podge of Topics and Financials

July 19, 2020

A Tale of Two Markets

July 12, 2020

When Price Becomes Just a Number

July 7, 2020

Quick Thoughts

July 4, 2020

Middle of the Road

June 29, 2020

Still Bearish Still the Same Reasons

June 25, 2020

The Struggle With Staying Bearish

June 21, 2020

Should I Still Be Bearish

June 16, 2020

Still Squeamish

June 14, 2020

Fed DC COVID Positioning Liquidity

June 11, 2020

The Last Gasps of This Rally

June 8, 2020

Shifting Gears

June 4, 2020

Stocks vs Bonds the Dollar

June 2, 2020

At a Loss For Words

May 31, 2020

Shifting Market Impact of Increasing Tension with China

May 29, 2020

4 Reasons to Stay Bullish (the WFH to Reopen Rotation will Continue)

May 27, 2020

Investing Today for the Economy of Tomorrow

May 25, 2020

The Rotation from WFH to ReOpen

May 22, 2020

Georgia on My Mind

May 18, 2020

Jobs JCP Credit Cards American Ingenuity

May 14, 2020

What it Takes to Make Me Bearish

May 10, 2020

Future Conditions Not Present Conditions Matter

May 7, 2020

Judging the Re-opening

May 3, 2020

Headlines You Won’t See

April 30, 2020

Reopening Winners, Losers, and Major Themes

April 28, 2020

I Remain Bullish, But Am Too Tired To Fight

April 27, 2020

The War on the Virus & The Battle for the Economy – A Quick Review

April 26, 2020

COVID-19 Threads to Follow

April 25, 2020

The Check Mark Recovery

April 24, 2020

Oil, Jobs, State Treasurers and Re-Opening

April 23, 2020

Oil is a Wake-Up Call!

April 21, 2020

Fear, Anger, Confusion, Betrayal, Compassion, Remorse, Defiance

April 19, 2020

So Long and Thanks for All the Fish

April 17, 2020

Three Letter Word Day

April 15, 2020

Alphabet Soup

April 14, 2020

What’s Next For Markets?

April 12, 2020

Virus Curves – Testing, Testing, Testing!

April 11, 2020

2 Plots, 3 Characters and 1 Maslow Updated

April 9, 2020

2 Plots, 3 Characters and 1 Maslow

April 6, 2020

What Will I Be Writing About A Year From Now

April 1, 2020

Good Bad & Questionable

March 30, 2020

You’re Going to Need a Bigger Boat?

March 25, 2020

Credit and Volatility Are Leading The Way

March 24, 2020

This is Not Martial Law, What More Military Involvement Really Means

March 22, 2020

Pre-Lockdown Thoughts. Or Be Safe and Fight On!

March 21, 2020

Future Facts

March 19, 2020

A Lot of Encouraging Signs

March 19, 2020

Unprecedented Market Environment

March 18, 2020

Why The Worst Might Be Behind Us

March 14, 2020

Demand Shocks Outpacing Support, TARP & ETF/Passive Fears

March 12, 2020

The 5 Scariest ETF Charts

March 12, 2020

Inflection Points in a Liquidity Vacuum

March 11, 2020

Credit and Financial Bubbles

March 10, 2020

Playing Devil’s Advocate with the Virus Numbers (and the weather)

March 8, 2020

What Will Make Me Turn to Risk-On

March 6, 2020

Traffic Jams, Travel & Hope vs Doom

March 1, 2020

Did Someone Hit the Sell Everything Button

February 26, 2020

Garbage in Garbage Out vs What We Know

February 25, 2020

From Nervous to Frightened

February 23, 2020

My Hips Don’t Lie But Statistics Might

February 17, 2020

Testing the Fallen Angel Migration

February 17, 2020

Uncertainty, GIGO, Tourism, and Supply Chains

February 9, 2020

From Panic to Complacency in Record Time?

February 6, 2020

The Coronavirus and Everything Else

February 2, 2020

Coronavirus

January 26, 2020

From a December to Remember to a February to Forget

January 20, 2020

How Geopolitical Risk Could Lead to Positive ‘Surprises’

January 11, 2020

It’s Not Too Early to Worry about the Fed

January 7, 2020

Redrawing Lines in the Sand

January 5, 2020

2019

A D.I.M.E. Framework for China, Trade & Strategic Competition

December 8, 2019

A December to Remember?

December 2, 2019

Rates, Cyclicals, CLO’s & Leveraged Loan Madness (Part I)

November 10, 2019

Around the World with Academy Securities

November 1, 2019

Three Cuts and You’re Out!

October 27, 2019

Sell the Trade Truce News

October 13, 2019

Spot the Difference

October 9, 2019

Be Cautious on Stocks AND Bonds!

October 2, 2019

Holy Whipsaw, Batman!

September 15, 2019

Money for Nothing

September 8, 2019

You Can Wear White After Labor Day, But Don’t Buy Treasuries!

September 3, 2019

Lean, Mean, Fighting Machines Emerge From Debt Diet

July 28, 2019

What a Week! What’s Next?

July 13, 2019

Levels & Markets to Watch for China & Trade

May 29, 2019

Crossing the Rubicon with China

May 12, 2019

Fixed Income Market Outlook

April 22, 2019

Macro Sentiment versus Reality

April 7, 2019

China Update – Geopolitics, Macro & Trade

March 31, 2019

How and Why Jay and Steve Should Steepen the Curve

March 26, 2019

Inverted Curves and Uncertainty

March 24, 2019

SOFR vs LIBOR – Round 3 of the Fight

March 6, 2019

Is Economic Data About to Improve?

March 3, 2019

Goodbye CDX, Hello TRS

February 26, 2019

Trading the Trade Deal

February 25, 2019

Fallen Angels Went to Purgatory Instead of Hell

February 3, 2019

I Like Big Banks

January 14, 2019

New Year’s Resolution – A Debt Diet

January 6, 2019

IG Beta – CDX vs TRS vs ETFs

January 5, 2019

The Corporate Debt Chart You Never See

January 2, 2019