06-01-2023 – Dry Powder?
In the wake of the SVB/SBNY/FRBK failures, investors have been hoarding cash at a record pace given mounting concerns about the financial stability of...
05-18-2023 – Consumer’s Last Stand?
While residential and business fixed investment have been the first casualties of the most aggressive monetary policy tightening in a generation, some...
05-11-2023 – SLOOS in the News
As market participants continue to assess the potential fallout from this year’s bank failures, the Federal Reserve’s Senior Loan Officer Opinion Surv...
05-04-2023 – About Done?
As expected, the FOMC raised short term interest rates for the tenth consecutive meeting, boosting the Federal Funds Rate by 25 basis points to 5.25%,...
04-27-2023 – Housing Rebounding?
Recent housing data have revealed a surprising resilience in both activity and prices, bucking the conventional wisdom that a deeper correction is all...
04-20-2023 – Bad Moon Rising?
While we have heard from both sides of the economic pendulum, with some adamant that the U.S. economy is destined for recession and others, albeit a m...
04-13-2023 Commercial Lending Blues
A Federal Reserve report released last week revealed some early signs of credit contraction in the wake of the Silicon Valley and Signature Bank failu...
04-06-2023 – JOLTS Subside and Yields Slide
It’s been nearly a month since two-year U.S. Treasury note yields hit a cycle high of 5.07% on March 8th, the highest level since mid-June 2007, and a...
03.30.2023 – Money Fund Surge & Debt Scourge
As markets continue to process future implications of the SVB/SBNY bank failures and Credit Suisse rescue earlier this month, one immediate effect has...
03.23.2023 – The Fed Fighters
The turmoil triggered by the recent failures of Silicon Valley and Signature banks and, more importantly, the specter that more regional/community ban...