What’s in your wallet?

May 31, 2020 |Dann Cushing

Starting on a bit more of a personal note than usual, have you noticed your credit card bill lately? With a high degree of confidence,...

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And Now We Wait...

Mar 15, 2020 |Dann Cushing

What a moment to be alive. A generation from now, the mass distancing and isolation period upon which we are embarking seems likely to be remembered as a time when the entire developed world made a collective sacrifice...

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Waiting for Godot

Nov 18, 2019 |Dann Cushing

In the empty space that follows a deluge of new information, the behaviour of financial markets can often be quite telling....

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Grace Under Fire

Nov 04, 2019 |Dann Cushing

The balance of probabilities in equity markets has been to the downside since May:...

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Asking the Right Questions

Oct 01, 2019 |Dann Cushing

After a noisy summer for financial markets, each passing week in September has been helpful for refining the proper question to ask...

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Action, reaction

Sep 16, 2019 |Dann Cushing

It was a busy couple of weeks for pundits. Amidst the now normal, daily changes in trade policy, this summer’s one way decline in interest rates abruptly reversed. The reaction...

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Variety of Events Warrant Reassessment

Aug 18, 2019 |Dann Cushing

What an uncomfortable period we are in for global financial markets. First, a variety of small and idiosyncratic events loom with the threat of ballooning into something bigger...

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Halfway Through Earnings Season

Jul 28, 2019 |Dann Cushing

About a quarter ago, we put forward the thesis that the sudden deterioration in US trade talks had re-injured business confidence at a critical moment. In a global economy still recovering from a Q4 demand shock, the hit to confidence would create...

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Subdued before Q2 Earnings

Jul 14, 2019 |Dann Cushing

In the absence of other news flow, the investors focused primarily on positive signaling from the Fed – specifically on Jerome Powell’s testimony...

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Uncertainty Ahead

Jul 01, 2019 |Dann Cushing

Highlighting uncertainty in financial markets is typically a low-value-add comment – that is their whole reason for existence, after all. We are also acutely aware of the risks of confirmation bias. Nevertheless, there are enough tangible risks

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