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Simplifying the Affordability Question
We frame some CPI metrics from Sept 2025 vs. Dec 2024 (last full Biden month) to clear up the “affordability” word salad.
5 hrs ago
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Glenn Reynolds, CFA
1
The Curve: Back to the Future 11-9-25
A deal to reopen the government appears close as Democrats got their share of political capital on ACA and SNAP.
Nov 10
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Glenn Reynolds, CFA
1
Market Commentary: Asset Returns 11-9-25
The shutdown is now grounded in ego and point-of-no-return dynamics after an ugly election “morning after.” The impact is spreading.
Nov 9
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Glenn Reynolds, CFA
1
Mini Market Lookback: All that Glitters…
A rough week for tech stocks as HY spreads moved wider and consumer confidence nears an all-time low.
Nov 8
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Glenn Reynolds, CFA
1
Credit Markets: Little Shop of Worries 11-3-25
High level calm belies some problems that could worsen on bad policy and political dysfunction as reflected in the shutdown.
Nov 4
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Glenn Reynolds, CFA
1
1
The Curve: Macro Data MIA? Policy Prudence KIA?
The shutdown will break the record this week as SCOTUS is set to meet on IEEPA. FedWatch sees odds plunge for Dec cut.
Nov 3
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Glenn Reynolds, CFA
Market Commentary: Asset Returns 11-2-25
A week with no shortage of crosscurrents saw mixed returns for benchmarks, industry ETFs, and bond ETFs.
Nov 3
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Glenn Reynolds, CFA
2
Mini Market Lookback: Not Quite Magnificent Week
A mixed equity week lacked breadth, UST rose, and spreads in credit were tighter before the 10-31 rebalancing sent them wider.
Nov 1
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Glenn Reynolds, CFA
1
October 2025
Synchrony: Credit Card Bellwether
We dig into what Synchrony tells us about consumer credit quality with its connection points to almost 70 million Americans.
Oct 30
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Glenn Reynolds, CFA
2
Credit Markets: Call Me After Trouble Arrives 10-27-25
Credit spreads head back into the June 2007 zone as CPI offers some relief and US-China look to kick the can.
Oct 27
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Glenn Reynolds, CFA
1
The Curve: A Slow Pour of Tariffs 10-27-25
We update the state of yields after a mild but mixed week for UST.
Oct 27
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Glenn Reynolds, CFA
1
2
Existing Home Sales Sept 2025: Staying in a Tight Range
September existing home sales continued the trend of rising prices and inventory but tepid sales volumes.
Oct 26
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Glenn Reynolds, CFA
1
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