The Love Letter – November 2019
Real estate: perennially out of the limelight, but consistent outperformer Over the course of a year, we attend dozens of presentations put on by institutional strategists, economists, and portfolio managers. These sessions are valuable as they add to our body of knowledge and help to compare our own market views with other market participants. A […]
The Love Letter – Sept 2019
Let’s make a deal Viewers of Let’s Make a Deal, the TV game show of yesteryear, will remember the intrigue as the two final contestants had to choose among three doors before the set of prizes was revealed one by one. Occasionally, host Monty Hall would give contestants the option to change their selection after […]
The Love Letter – Aug 2019
As an economic inflection point nears, we expect volatility to remain high If you’re seeing or hearing the word “recession” more often in recent weeks, you’re not alone. The body of evidence of an impending economic slowdown is starting to grow. After a robust start to the year, the recent spike in volatility can be […]
The Love Letter – July 2019
The U.S. interest rate hiking cycle is nearing an end. What comes next? The U.S. Federal Reserve kept interest rates unchanged at its most recent meeting held on June 19, but it pivoted to a rate cut bias. Specifically, the Fed dropped its “patient” stance and stated it “will closely monitor the implications of incoming […]