Peter Boockvar routinely updates the shipping costs being imposed on the world by behaviors of certain bad actors like Putin in Russia and like the Houthis in Yemen. Here’s a recent update, from June 20th. We thank Peter for giving us permission to share the following excerpt from his…

The bond market in the second quarter was really two stories. The first part of the quarter saw a continual rise in overall yields that started at the beginning of the year. In other words, a reversion of the bond market rally that was the hallmark of the fourth quarter last year. The ten-year…

During the second quarter of 2024, the Treasury market experienced heightened volatility as market participants tried to predict when the Federal Reserve would start cutting interest rates. The 10-year Treasury yield fluctuated between a high of 4.705% and a low of 4.222% over the course of the…

Going into January 2024, the FOMC’s December Summary of Economic Projections (SEPs) had three rate cuts penciled in for 2024, and that projection was confirmed in the March SEPs. In the intervening period between that meeting and the FOMC’s June meeting, a number of developments in terms of…

“It’s difficult to make predictions, especially about the future.” Who said it? Niels Bohr? Yogi Berra? Mark Twain? The answer is at the end of this quarterly commentary.

A Cuba Update (June 2024) 

How can you govern a country with two hundred thirty-eight varieties of cheese?”― François Mitterrand, President of France, 1981–1995 

IMO, America’s enemy, Mr. V. Putin, is using his Venezuelan proxy, Nicolás Maduro, to open a third front against the US. At the end of this discussion is a list of citations in support of my view.