News, insights and thought leadership from the City Different team.
"Nuclear is wonderful as one of the sources of energy, one of the sources of sustainable energy.” —Nvidia CEO Jensen Huang The global nuclear renaissance is gaining steam. Our readers have seen our...
Selling a business is a life-changing event — whether that change is financial via a large exit, a lifestyle change to enter retirement, etc. But the process of selling your hard-built business can...
Much as truly active equity investing can result in greater returns for investors (even net of fees), so too can active management of fixed income securities. We’re big believers in the power of...
WEEK ENDING 3/3/2023 Highlights of the week: As we await March’s data, we make cases for both bull and bear markets. The case for bear: a “reacceleration in interest rate hikes.” The case for bull: a...
Risk management often carries the reputation of being “command and control.” Is it possible for institutional-class risk management to exist in a culture of freedom and responsibility?
WEEK ENDING 2/24/2023 Highlights of the week: The markets are giving up positive returns for Lent. Inflation proves a pesky little bugger. A smart reader asked why we haven’t commented on the...
“What do you do with cash?” is an investment question as old as, well, investing. It’s rare (and usually unwise) that an investor would have the entirety of their assets or holdings actively trading...
WEEK ENDING 2/17/2023 Highlights of the week: Where is the recession? Federal Reserve is chasing neutral rate, and the market is catching up. Friday marks one year of the Russia-Ukraine war.
WEEK ENDING 2/10/2023 Highlights of the week: Chairman Powell stated disinflation “has begun” and added a big “but.” The Greek chorus of Fed officials that spoke in the week following Chairman Powell...
With a large reversal in factor returns over the last two years, we’re hearing this question a lot: Can active management deliver outperformance that isn’t dependent on systematic factors?
WEEK ENDING 2/3/2023 Highlights of the week: The Fed raised its targeted short-term rate by 0.25%. Chairman Powell’s message has been consistent since his Jackson Hole speech last summer. Why does...
WEEK ENDING 1/27/2023 Highlights of the week: This is a big economic week, with a 25-bps rate hike baked in for Wednesday. A complex economic picture makes the Federal Reserve's job extremely...
Please fasten your seat belts and return your tray tables to the upright and locked positions — we will be landing soon.
WEEK ENDING 1/20/2023 Highlights of the week: Except for jobs figures, the latest wave of economic numbers indicate weakness. “Don’t Fight the Fed!” — with a “data dependent” strategy, our durations...
