Two Wars. Five Sides. No Winners.
October 25, 2023 – As if the atrocities of the Ukraine War were not enough, we woke up to a new reality this month in the Middle East. The threats of annihilation that Iran, Hamas, and Hezbollah have projected and promoted for decades is a reality in technicolor in the age of social media. I […]
Silicon Valley Bank (SVB) Failure
March 10, 2023 – Today’s news about Silicon Valley Bank (SVB) took everyone by surprise. In the span of just a few hours, the country’s 16th-largest bank went into FDIC receivership. Most of you will not have heard of SVB prior to today — they mostly serve as a corporate banker, predominantly in the venture […]
The Year of the Three Elephants
March 2, 2023 – Given how the markets began the year, you might suspect all is fine worldwide. Stocks were up, bonds were up, energy prices had stabilized, and inflation appeared to be abating. Yet we are far from being out of the woods and, in fact, likely to have another rough period ahead of […]
As Summer Comes to an End
By David Matias August 26, 2022 – As the summer of 2022 comes to an end, the world looks like it is slowly turning upside down. Drought, war, pandemic, epic heat waves, and inflation are all in the headlines and on our minds. The confluence of these events is not entirely coincidental, nor are some […]
Tapping the Breaks
By David Matias June 28, 2022 – It was a brutal week in the markets — all of the markets. While a decline in stocks has been percolating for months, it is painful to experience a decline across all asset classes. As with all bull markets, it isn’t a debate about whether it will end, […]