We’re excited to announce that we’ve teamed up with Kyla Scanlon to bring you video content in addition to our research notes! Every weekend, we send out a Week Ahead note containing insights from our rules-based, quantitative approach to investing. We analyze economic data, offer insights on catalysts to…

Equity markets continued their descent last week; however, commodities and treasuries sold off alongside equities. Our systematic lenses qualify these moves as indications of tightening liquidity, i.e., an environment where cash outperforms risk assets. Consistent with this fundamental thinking, the dollar was the best performing macro asset last week….

Last week we saw significant moves in markets. Equities and treasuries were down significantly, while commodities and the dollar rallied. These moves reflect the fundamental dynamics of heightened inflation, weakening growth, tightening liquidity, and market regime pricing for stagflationary nominal growth. These market moves came from weaker than expected…

Our systematic tracking of economic and financial conditions paints a bleak picture for US equities. Commodity strength remains unrelenting in aggregate; however, we see areas of the commodity complex begin to weaken. Nonetheless, the fundamental backdrop remains where the growth impulse is negative, and inflation remains resiliently high. Markets…