Published November 6, 2026
Historically and at least in theory, interest rates and stocks have an inverse relationship. When interest rates rise, stock prices generally face downward pressure; when interest rates fall, the stock market typically receives a boost. (more…)
Published June 5, 2026
As investors, we scour the news for clues how our investments might be affected by changes in the economy, geopolitics, et al. What we cannot see are the flows of money around the global markets. All we can see are the resultant prices of stocks, bonds and commodities as money flows in and out. Those price movements are what drive our models and, thus, our investment decisions in the short-to-medium term (where our models operate). (more…)