Data Sheets

(See Beware The Ides of March) While we pay close attention to WIRP, it’s not the only data point pointing towards higher interest rates. Strong Data Just about every Federal Reserve comment, whether written or spoken by a Federal Reserve Bank member, states that future decisions are “data dependent”. Taking them at their word, we see across the board that recent economic […]

Beware the Ides of March The Ides of March is a day on the Roman calendar that corresponds to March 15th, notorious as the date of the assassination of Julius Caesar in 44 BC. The death of Caesar made March 15th a turning point in Roman history, one of the key events that marked the transition from the historical period […]

Through May 3, 2016 US Chapter 11 filings have accelerated to match the pace set in the Great Recession of 2008. So far this year, 37 companies with $100 million or more in debt have sought bankruptcy protection, the same number that was reached in May of 2008. The chart below highlights the Chapter 11 filings through May of each […]

We see several catalysts that may facilitate further advances for equities and especially corporate high yield bonds into the end of the year. Low Down on the Shutdown. First the bad news. The U.S government is a large contributor to the economy and the shutdown will certainly have a negative impact on fourth quarter growth. Analysts are already downgrading fourth […]