Macro Minute

I have been seeing Jurrien Timmer a lot lately and he always has interesting charts. He was on The Compound and Friends last week and gave some perspective that I thought was unique. As background, Jurrien is the director of Global Macro at Fidelity Investments. Let’s dig into his charts and the major takeaways.  To […]

Last week, I wrote about my current take on the market and economy. This week, I want to talk about a couple of dynamics I see happening in the markets and why I think that is putting some resistance and headwinds on markets. I am mainly talking about transitions and uncertainty. Markets tend to be […]

I feel the need to give an update on how I see markets and the economy at the moment. This will be a mix of different analyses and timeframes. To begin, I feel compelled to start with the Federal Reserve because everyone likes to blame them or credit them for everything. In judging monetary policy, […]

I read the new book, No Worries: How To Live A Stress-Free Financial Life. Let me start by saying that I liked it a lot. Jared Dillion is a very good writer and it shows in this book. It is a book that is full of wisdom and good advice. While I do not agree […]

“What is a belief that you have that most others don’t?”  This is a common interview question that is asked. I probably have a few answers that would fall under this description, but I have been noticing lately that I have one that seems a bit more unique. I believe that in order to win […]

My friend Chase Taylor, of whom I am a paid-up subscriber of his research, has started a new podcast called Taylor Made Macro. At the time of this writing, he has only had three shows so far, but all three have been stellar. When I saw he was interviewing my other buddy Harris Kupperman – […]

I need to start with a few housekeeping items: First, I must apologize for the gap in publications that happened from February until now. We had a website issue and then an issue with our Constant Contact. And the second thing I need to bring up is that this post is going to be longer […]

This birthday was a bigger deal to me than I can remember an adult birthday being. Most would wonder why. It was not a big deal in terms of celebrating and 41 is not looked at as a big milestone. To me it was big mentally because I am now older than my parents were […]

You might have heard: equity markets are currently at all-time highs as of the start of 2024. Many people fear investing when markets are at peaks, which seems counterintuitive to the “buy low, sell high” mantra. However, let’s examine history to understand how this investment strategy has fared. Meb Faber wrote about a strategy of […]

I was listening to a podcast the other day. In it a comment was made about how inflation is coming down, but prices are still elevated. I think it is important to unpack that. Inflation is the rate of change of increasing prices. If milk goes from $2.00 to $3.00, that is a 50% increase […]