With traditional measures of equity valuations near historic highs, we introduce free cash flow as an alternative basis for valuation.

Bitcoin represents a first in human history of having a technology that provides an open-source monetary system for all—that is, a system for storing and transmitting an asset of value whose underlying code is entirely open to the public. Bitcoin, as a digital currency, helps address some of the shortcomings of fiat currency and gold:...

Treasury rates are increasingly divorced from inflation expectations. Our chart looks at the divide and what it means for fixed income investors.

Inflation has skyrocketed in Q3 while benchmark yields have moved lower. Yet these dynamics are not as inconsistent as they currently appear, and persistent inflation and low interest rates could continue well into 2022.

Return to office and its impact on commercial real estate investors.