The operating profits of the S&P 500 and overall economic profits are decoupling
Revisiting R^: How does the fiscal deficit affect the neutral Fed Funds rate?
We believe that fears of JGB weakness spreading to other government bonds appear to be exaggerated.
Cautiously optimistic: Our forecasts for the next 12 months
Foreign investors rethink US assets, but the S&P 500 is global and digital
In addition to the severity of the recession, inflation will be an important factor during this phase.
Short-term high correlation with the Nasdaq should not be over-interpreted
