Value Investor Insight Article "In Transition"
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Insights Blog
News, insights and thought leadership from the City Different team.
What Investors Need to Know About the Most Common Private Equity Fund Structures
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There’s a critical decision you have to make if you want (or already have) exposure to private equity as a part of your portfolio — does your chosen manager deploy capital through a fund structure...
A Looming Uranium Shortage?
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"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...
Slow and Steady Wins the Race
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WEEK ENDING 2/23/2024 • Fed speakers lay out slow-and-steady rate policy. • Market reprices 2024 rate cuts. • Where is the new terminal or neutral rate for fed funds?
The Market Breaks Hearts
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WEEK ENDING 2/16/2024 Inflation does not move in a straight line. There is still a lot of cash sloshing around the system. Congress takes two-week vacation with foreign aid on their desks and...
Dive Into Markets Adjusting and Repricing
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WEEK ENDING 2/9/2024 Fed still set on cutting rates this year despite strong economy and slowing inflation. Investment Grade Corporate Bond Market repricing to new rate cuts scenario. Banks expect...
"Shake it Off"
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WEEK ENDING 2/2/2024 Fed takes March easing off the table, and the market buries it. Friday’s jobs report does not reflect a slowing economy. Republicans and their pundits could be picking on the...
The World Stage Grows Grimmer
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WEEK ENDING 1/26/2024 GDP and core PCE data trends in the right direction. Fed meets this week with no expectations of rate cuts. Hong Kong judge orders China’s Evergrande to liquidate.
The January Effect Continues
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WEEK ENDING 1/19/2024 Year-end wishful thinking dissolves, and it’s about time. Probabilities fade for significant March rate cuts. The voters of Iowa have spoken.
What Could Go Wrong in the Economy?
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WEEK ENDING 1/12/2024 Treasury curve continues to steepen. Noisy CPI numbers for December; dovish PPI. What could go wrong in the economy? Municipal bonds heading into a challenging environment.
Jobs, JOLTS, and Newly Realistic Markets
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WEEK ENDING 1/5/2024 We hope everyone had great holidays! Fixed income and equity markets continued year-end rallies. Realism befalls the markets in the first days of 2024.
Turtle-dovish Fed
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WEEK ENDING 12/15/2023 Holiday markets rally after turtle-dovish message from Fed. Fed hints tightening finished; cuts to come. Dot plot changes significantly. Happy holidays to you, and a fantastic...
Naughty or Nice
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WEEK ENDING 12/08/2023 Will Chairman Powell bring coal to the holiday party? The market has made the Fed’s job tougher! This week’s Fed meeting and inflation reports may add volatility to the holiday...
A Santa Claus Rally?
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WEEK ENDING 12/01/2023 Chair Powell tries to calm fixed-income markets. 60% probability of a Q1 rate cut. Hostages released during last week's Israeli-Hamas cease-fire.
Taking a Pause to Give Thanks
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WEEK ENDING 11/17/2023 Fed’s dovish tone and positive inflation data knock yields off their peak. Government debt sales continue to climb. Happy Thanksgiving! “Thankfully,” we’re taking a pause from...