Insights

Intro The musical genre Progressive Rock is known for its focus on technical virtuosity and long, complex songs. Some of the songs consume an entire album side, or roughly 15 to 20 minutes for those less familiar with music delivered on vinyl. It is an acquired taste - one many people never develop ...

Global markets seem to be entering a more fragile phase as multiple macro forces converge. Rising oil prices, persistent inflation pressures, and a stronger U.S. dollar are complicating the outlook for interest rates, while uncertainty around AI-driven growth and geopolitical tensions adds to market...

In today’s financial markets, investors are surrounded by yield statistics: bond yields, dividend yields, distribution yields, and more. Each measures something slightly different, and using the wrong metric can lead to very different expectations about income and risk. As of this writing, market ou...

Since the Federal Reserve began its aggressive tightening cycle in 2022—pushing rates to their highest levels in decades—the question was never whether growth would slow, but rather, to what degree. Today, inflation has cooled from its 2022 peak yet remains above the Fed’s 2% target, while the labor...

The fourth quarter of 2025 marked a fitting conclusion to a year defined by narrow leadership, late-cycle Artificial Intelligence (“AI”) enthusiasm, and sharp factor rotations. While headline equity indices continued to grind higher, returns once again became increasingly concentrated in a small sub...

This quarter’s title is a nod to the Stones’ “Dancin’ with Mr. D” from their 1973 release Goat’s Head Soup. The song chronicles a daring soul engaged in a dance with Mr. D, aka death. We would not dream of comparing the current Mr. D(onald J. Trump) with death (!), so we swapped in “V” for volatilit...