The Weekly Edge

Waiting on the World to Change

So we keep waiting (waiting)Waiting on the world to change “Waiting on the World to Change” – John Mayer Though John Mayer is currently busy being 240 feet tall at the Sphere (like a guitar-playing Stay Puft Marshmallow Man), he clearly has had the incessant...

Go Your Own Way

You can go your own way Go your own way You can call it Another lonely day -“Go Your Own Way”, Fleetwood Mac There may be only one duo that is more at odds than 1977 Stevie Nicks and Lindsay Buckingham, and that is the Payroll and Household Surveys for employment in...

Crossing the Frame

Press the steps I take to cross your door frame “Crossing the Frame” – Coheed and Cambria As U.S. large cap indices “crossed the frame” of prior highs to trade near or to new all-time-highs, it is helpful to take an assessment of the tailwinds and headwinds for equity...

Need You Now

And I don’t know how I can do withoutI just need you now “Need You Now” – Lady A Much like a weepy country song at a karaoke party, PMIs are souring the mood, calling into question the cyclical recovery in the U.S. and challenging the ever-higher growth narrative that...

Pictures of You

I’ve been looking so long at these pictures of youThat I almost believe that they’re real “Pictures of You” – The Cure We continue to see this market for risk assets (equities and credit) as being underpinned by rising growth estimates. We have called the picture...

Second Quarter Outlook

This week, we shared our outlook for the economy and markets in the second quarter of 2023. Below you will find the link to the whole, detailed slide deck. For those who would like a quick summary, the deck includes the following key takeaways: • Economy: We expect...