When it comes to equity valuations, it’s easy to get lost in the weeds of earnings growth, margin expansion, and productivity gains. But at the end of the day, what

As we step into 2025, the bond market has been a crucible of contradictions and surprises, testing narratives and challenging conventional wisdom. The 10-year yield, once perceived as anchored after

If history teaches us anything about markets, it’s that every “wall of worry” has its bricks—some familiar, others rarely seen—and yet markets tend to climb it. As we look toward

Recent price action in the bond market, specifically the movement of the 10-year yield from 3.60% to 4.45% following the Federal Reserve’s rate cut, has led to a flurry of

The biggest challenges in risk management often come from bi-modal events—situations where outcomes are vastly different, each carrying significant uncertainty. In these scenarios, hedging becomes a guessing game, and the

Election years tend to stir up anxiety for investors. Uncertainty is the market’s least favorite thing, and elections dish it out in spades. But if history tells us anything, it’s