JOLTed

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Today’s release of the Job Openings & Labor Turnover (JOLTs) revealed a few interesting observations about the US labor market. First, the pace of hires is fading. Keep in mind JOLTs data is released a month after employment data, so we are looking at April stats in the following charts. This fading in new hires […]

Three Geopolitical Shifts to Watch this Summer, a Q&A with Peter Zeihan: Part 2 – China, North Korea and Trump

ChineseEconomicConcentrations

We met with Geopolitical Strategist Peter Zeihan for a quarterly update right before the French presidential elections. In addition to calling Macron’s win, Peter outlined the three most important geopolitical shifts for US financial advisors to watch in the coming months. In order of priority: What’s next for Brexit? This is important because the UK’s […]

Three Geopolitical Shifts to Watch this Summer, a Q&A with Peter Zeihan: Part 1 – Brexit, the EU and Trump

Europe Political

We met with Geopolitical Strategist Peter Zeihan for a quarterly update right before the French presidential elections. In addition to calling Macron’s win, Peter outlined the three most important geopolitical shifts for US financial advisors to watch in the coming months. In order of priority: What’s next for Brexit? This is important because the UK’s […]

Coming Challenges to US Treasury Investing

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In the table below we show the aggregate US Treasury maturity schedule. Due to stops and starts of the US Treasury issuing longer dated bonds over the last few decades, there is a huge gap in maturities available for investors. The reader will notice that there are no US Treasury bonds due to mature between 2028-2042. […]

It’s a Gusher So Far

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So far in this earnings season, with over half of companies having reported, the energy sector has experienced the biggest earnings surprise. Earnings have come in almost 23% ahead of analyst estimates, nearly double the surprise of the consumer discretionary sector. Digging into industry groups, with 6 out of 7 companies in the S&P 500 […]