Michael takes a close look at the question of rising committed and unspent capital in private equity, and implications for investors.
The Fed halted tightening and propelled equities to their fastest recovery ever following a bear market. This decision was made despite the lowest unemployment rate in 40 years. Does that make sense? Also, a possible deal with China.
A brief note on the latest price action in equity markets, how business cycles end, and how markets are being left to fend for themselves without central bank intervention for the first time in 20 years.
Eye on the Market: The Verdict
Explores how institutional investors should reconfigure portfolio allocations/strategies in a world of low returns.
For the first time in 20 years, markets will have to survive without support from central banks.
The food fight between the President and the Fed Chair could result in too much easing, and the expansion of valuations beyond sustainable levels. The other food fight: leveraged loan issuers vs buyers. Issuers are winning this fight hands down due.
An update from the front lines of the Trade War, with a focus on implications for investors
Michael looks at the midterms: GOP gains in the Senate, an historic loss in the House given economic and market conditions, and what it means for investors.
A close look at the Progressive Agenda, China’s deteriorating welcome mat in DC and US Tech IPOs.