Commentary

Understanding the dynamics between equities and fixed income can be made clearer by comparing it to a soccer match, where each player has a distinct role to play. 

Mortgage rates just hit an all-time high, while at the same time housing affordability is at all-time lows.

Measuring the performance of the top 10% of stocks reveals an alarming parallel to the prelude of the Great Depression in 1929.

If it feels like no one is out buying houses right now, you’re not too far off.