RESEARCH & INSIGHTS

15 DecCOTW: Fed Policy

Fed Chair Jerome Powell announced that the Fed would start purchasing shorter-term Treasury securities “for the sole purpose of maintaining an ample supply of reserves

5 DecNovember 2025 Cartoon: Paint-by-Numbers

November 2025 Cartoon: Paint-by-Numbers

26 NovCOTW: The Life of a Thanksgiving Turkey

With Thanksgiving this week, it’s a fitting moment to revisit Nassim Taleb’s classic “Thanksgiving turkey” analogy from The Black Swan (2007). He describes a turkey

10 Nov3Q, 2025 Asset Class Return Quilts

Gold was again the top-performing major asset over the quarter, gaining 16.2%.

10 NovCOTW: U.S. Government Shutdown

The Senate has voted to advance a deal aimed at ending the longest U.S. government shutdown, which has lasted more than 40 days.

9 NovOctober 2025 Cartoon: Trick or Treat

October 2025 Cartoon: Trick or Treat

27 OctCOTW: Critical Minerals

The U.S. government has been offering policy support for the domestic critical minerals industry and taking strategic stakes in various businesses to reshore the supply

7 OctCOTW: Record Gold Prices

In 2025, a surge in demand from U.S. investors and sustained central bank purchases, driven by geopolitical and financial risk concerns, have propelled gold prices

3 OctSeptember 2025 Cartoon: Bubblicious

September 2025 Cartoon: Bubblicious

22 SepCOTW: Rate Cut

As widely expected, the Federal Reserve lowered interest rates by 0.25% last week, bringing rates to 4.00% - 4.25%. Economic projections show that the Fed

8 SepAugust 2025 Cartoon: A Curious Balance

August 2025 Cartoon: A Curious Balance

5 SepCOTW: Revisions On Revisions

June's data was significantly downgraded from an initial gain of 1470,000, to a gain of 14,000 jobs, and finally to a loss of 13,000. This

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