Robert Lloyd, CFAMar 28Stocks aren't Bonds; Bonds aren't StocksWell, yeah. Thanks for stating the obvious, Rob. The point is that bonds are getting pounded for a very specific reason: inflation has...
Robert Lloyd, CFAMar 8Remarkable similarities to 2008 abound1. Strong energy prices that hurt consumer spending power 2. Financial defaults that jeopardize the financial system 3. Falling markets...
Robert Lloyd, CFAMar 7Wall Street Calculating Odds Of Nuclear WarI'm starting to see Wall Street writing about nuclear war...I guess we are going to pretend lower Manhattan isn't on the list of targets....
Robert Lloyd, CFAMar 7March 2022 UpdateHere is our monthly research note: https://conta.cc/35E3Yd1 Since I wrote this on Sunday, the Russians responded to economic sanctions by...
Robert Lloyd, CFAMar 1Tug-of-war is fun, unless you are on the losing sideThe bond market remains skeptical that the current 7% inflation will be sustainable for a long period of time. After all, even in this...