Site logo

Recent Commentaries

FOMC thoughts, upcoming events, and the vault

Before providing a few comments on the results of today's FOMC meeting, I wanted to take care of two unrelated issues. First up, a quick logistical update. Below is list of my upcoming speaking events in May and June. If you would like to participate in, or check...

read more

Fiscal Policy, Inflation, Treasury Yields, and Gold

Before addressing some key macro issues that have dominated my recent discussions with clients, let me say a word about geopolitics. There are plenty of financial market professionals who fancy themselves armchair polemologists. These folks try desperately to...

read more

We don’t need rate cuts to get risk assets to go higher

The CNBC video below from one month ago, after the hotter CPI prints to start the year, is worth revisiting today. I particularly like the title CNBC chose to go with for the clip: "We don't need rate cuts to get risk assets to go higher, says Jefferies' David Zervos"...

read more