Krishna Memani on Wall Street's Very Expensive "Free Lunch"
We're told over and over again that the one "free lunch" in investing is diversification, and that you can improve your returns over time simply by investing in a wider range of assets. This is textbo...
30 Touko 202539min
Michael Cembalest on Why AI Is the Stock Market Bet of the Century
Michael Cembalest has been an investment analyst for almost 40 years and his research notes have drawn a cult following on Wall Street. He's known for going super deep into a wide range of topics, lik...
29 Touko 202558min
Why Asset Allocators Love Multi-Strategy Hedge Funds
Multi-strategy hedge funds have been having a moment with big asset allocators pouring billions of dollars into names like Millennium and Citadel. And given all the growth, multi-strat funds have also...
26 Touko 202549min
Zohran Mamdani, the Socialist Who Could Be NYC's New Mayor
We're just a month away from the hotly-contested Democratic primary for New York City Mayor. And one of the candidates -- Queens assemblyman Zohran Mamdani -- is running on a somewhat unusual platform...
23 Touko 202546min
Why Interest Rates Are Shooting Up All Around the World
This week the big story in markets is the selloff in bonds. Yields on benchmark 10-year US Treasuries jumped 20 basis points from last Friday’s low, while the 30-year rate is back above 5%. Meanwhile,...
22 Touko 202543min
Scott Bok on How Bankers Spread the Gospel of Capitalism
When we think about the prospect of deglobalization (whatever that means) we often think about it in terms of the goods economy. Supply chains get rerouted. Manufacturing becomes more localized, and p...
19 Touko 202553min
Atlanta Fed's Raphael Bostic on Monetary Policy During Extreme Uncertainty
This is obviously an extraordinarily difficult time to make economic forecasts. Nobody really knows how tariffs will affect the US economy. And beyond that, nobody knows what the ultimate state of tar...
16 Touko 202548min
The Oil Industry's Double Whammy of Higher Costs and Lower Prices
The new administration has a "drill, baby, drill" mantra and a much more liberal attitude towards the oil and gas industry than the last one. But that hasn't translated into great profits for the oil ...
15 Touko 202543min
