The MercadoLibre Paradox
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Over the past five years, MercadoLibre has grown both revenue and profit dramatically — yet its stock price has gone nowhere. Could this be an opportunity?
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City Different Investments
The MercadoLibre Paradox
What Investing Can Teach Us About March Madness
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We've officially entered my absolute favorite time of the sports calendar year. As millions of others around the country have done this past week, I sat down to fill out my bracket for the annual Van...
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Are Treasuries Still Safe?
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Since April, I've had a lot of conversations about whether Treasuries are still a viable safe haven investment. After “Liberation Day,” 10-year Treasuries sold off by ~50 basis points, creating a...
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FIXED INCOME MARKET INSIGHTS 10/24/22
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WEEK ENDING 10/21/2022 Highlights of the week: Possible volatility and insufferable campaign ads mark run-up to midterm elections. “Alas, poor United Kingdom! We knew it well.” Is a story in The Wall...
FIXED INCOME MARKET INSIGHTS 10/17/22
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WEEK ENDING 10/14/2022 Highlights of the week: CPI well ahead of consensus and sticky inflation guarantee a November rate hike, with another potential hike in December. Probability of recession in...
FIXED INCOME MARKET INSIGHTS 10/10/22
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WEEK ENDING 10/07/2022 Highlights of the week: Hurricane Ian beat up Florida. On the whole, state and local governments are coming into the economic slowdown with solid finances. The Federal Reserve...
FIXED INCOME MARKET INSIGHTS 10/3/22
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WEEK ENDING 9/30/2022 Highlights of the week: The quest for a new terminal rate Global economic uncertainty led by the UK Quick review of the Municipal Market rate changes
FIXED INCOME MARKET INSIGHTS 9/26/22
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WEEK ENDING 9/23/2022 Highlights of the week: The Federal Reserve raised targeted short-term rates by 0.75% for the third time in 2022. Fixed income and equity markets take it on the chin. Are they...
FIXED INCOME MARKET INSIGHTS 9/12/22
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WEEK ENDING 8/9/2022 Highlights of the week: • The Federal Reserve is committed to fighting inflation. • Higher interest rates coupled with higher volatility makes for a tempting combination. •...
FIXED INCOME MARKET INSIGHTS 8/29/22
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WEEK ENDING 8/26/2022 Highlights of the week: The Federal Reserve’s Volcker-like message in Jackson Hole dominates the market. Net shorts for US Treasury 2-years, 5-years at highest levels reflecting...
FIXED INCOME MARKET INSIGHTS 8/22/22
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WEEK ENDING 8/19/2022 Highlights of the week: Impact of Quantitative Tightening by the Federal Reserve – it’s complicated. Jackson Hole to determine the fate of the markets. Oil futures differ from...
FIXED INCOME MARKET INSIGHTS 8/15/22
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WEEK ENDING 8/12/2022 Highlights of the week: Overall, a quiet week in the fixed income markets. Inflation releases were below estimates. Federal Reserve officials continue to sing a hawkish tune.
FIXED INCOME MARKET INSIGHTS 8/8/22
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WEEK ENDING 8/5/2022 Highlights of the week: The July jobs report threw a monkey wrench (not to be confused with monkeypox) into the recession debate. Four Federal Reserve officials came out in favor...
FIXED INCOME MARKET INSIGHTS 8/1/22
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WEEK ENDING 07/29/2022 Highlights of the week: Second-quarter GDP is negative, but are we in a recession? Federal Reserve increases short-term rates by 0.75%. The four most dangerous words in the...
FIXED INCOME MARKET INSIGHTS 7/25
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WEEK ENDING 07/22/2022 Highlights of the week: Big News Week Upcoming — Earnings, Federal Reserve, and Pricing Data A Pullback in the Earnings Estimate Are We in a Recession?
FIXED INCOME MARKET INSIGHTS 7/18
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WEEK ENDING 07/15/2022 Highlights of the week: Hot inflation! Choose-your-flavor - headline CPI or PPI Y/Y. Both beat expectations, along with core inflation. Just when your think COVID-19 is in the...
FIXED INCOME MARKET INSIGHTS 7/11
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WEEK ENDING 07/08/2022 Highlights of the week: Nonfarm payrolls increased by 372,000 in June. The consumer price index might hit an all-time high when its June report is released this Wednesday....
FIXED INCOME MARKET INSIGHTS 6/24
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WEEK ENDING 06/24/2022 Highlights of the week: In his semi-annual testimony before Congress, Chairman Powell was resolute in the Fed’s desire to tame inflation. The stock market rallied for the first...
FIXED INCOME MARKET INSIGHTS
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WEEK ENDING 06/17/2022 Highlights of the week: Surprise. The Federal Reserve announces a 75-bps increase. The Fed's desperation rings recession alarms. President Biden's approval rating falls lower...
The Problem With Mutual Fund Capital Gains, And What To Do About It
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2021 tax bills are due in just a few days, and we’re hearing some uncomfortable groans from mutual fund investors. Here’s why: A combination of strong market gains and high trading activity led to...
Meet Connor Browne & Rob MacDonald
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Meet Connor Browne and Rob MacDonald, co-portfolio managers of City Different Investments’ focused domestic equity strategies. After developing a friendship and strong mutual respect for each other...
Overview of Golar LNG Ltd. (Nasdaq: GLNG)
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Description Golar is a Norwegian energy infrastructure group whose main assets are two Floating Liquefied Natural Gas (FLNG) facilities, called Hilli (in service) and Gimi (80% completed, to be...
How to Quantify Muni Risks
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Earlier this year, municipal bond investors chasing returns often found themselves over their skis on risk. In our recent call, our fixed income portfolio managers Chris Ryon and Sweta Singh explain...
Coping with the Income/Risk Trade-off in the Current Market
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For years, interest rates have remained low compared to historical norms – and well below the current rates of inflation. This in turn has restricted the number of low-risk options for investors...
Highlights from the City Different Investments Introductory Call
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If you missed our live webinar a few weeks ago, you can now watch the replay. We were excited by the number of attendees and impressed by their questions. During the call, Connor, Chris and Sweta...
Meet Chris Ryon and Sweta Singh
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Meet the Team City Different is an investment firm led by investment managers. We’re passionate about what we do, and started our own firm so we could pursue our best ideas wherever they may lead....
Welcome to the City Different Investments Blog
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Welcome to the City Different Investments blog. The City Different blog is, well, different. It’s not a sales pitch for our firm. Instead, it’s a place to share some of the insights and observations...