FireSide Host Kara O’Halloran sits down with Chief U.S. Economist Lara Rhame to preview her 10 for ’23 chartbook and discuss her predictions for the markets and economy in 2023.

This isn’t a note about gender. It is a discussion of why the Fed and markets—two entities definitely in a relationship—aren’t really hearing each other.

A new strategy note from Chief Market Strategist Troy Gayeski

A new strategy note from Chief Market Strategist Troy Gayeski

Markets don’t seem to believe Fed policy makers. This week’s chart looks at why market-based Fed funds rate expectations could drive volatility.

Credit market performance diverged in December. High yield bonds started the month higher on optimism that inflation may be cooling before hawkish Fed rhetoric weighed on the asset class over the latter half of December.

Rising free cash flow margins have been the principal driver of stellar equity returns. In this report, we apply a quantitative lens to margin expansion and examine the ramifications of a trend reversal for markets.