The MercadoLibre Paradox
![]()
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?
.png)
Insights Blog
News, insights and thought leadership from the City Different team.
The MercadoLibre Paradox
What Investing Can Teach Us About March Madness
![]()
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...
.png)
Are Treasuries Still Safe?
![]()
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...
.png)
FIXED INCOME MARKET INSIGHTS 1/23/23
![]()
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...
.png)
FIXED INCOME MARKET INSIGHTS 1/16/23
![]()
WEEK ENDING 1/13/2023 Highlights of the week: CPI Edges down for December 2022 Disconnect between the Federal Reserve and Markets view on Inflation February Fed Hike speculated at 25bps
.png)
FIXED INCOME MARKET INSIGHTS 01/09/23
![]()
WEEK ENDING 1/6/2023 Highlights of the week: Happy New Year! 2023 starts with a strong December jobs report. The circus is in town, and that town is Washington, DC.
.png)
FIXED INCOME MARKET INSIGHTS 12/19/22
![]()
WEEK ENDING 12/16/2022 Highlights of the week: The Fed raises its targeted short-term interest rate by 50 basis points. Many market participants interpret Chairman Powell’s conference as “dovish.”...
.png)
FIXED INCOME MARKET INSIGHTS 12/12
![]()
WEEK ENDING 12/09/2022 Highlights of the week: Which story will the Fed tell the markets next week? "It’s a Wonderful Life” or “The Grinch Who Stole Christmas”? The Fed meets this week for the last...
.png)
FIXED INCOME MARKET INSIGHTS 12/5
![]()
WEEK ENDING 12/02/2022 Highlights of the week: Latest jobs reports show a resilient labor market. Q4 earnings estimates are finally coming down. Introducing our new acronym, BARB: “Bonds are Back.”
FIXED INCOME MARKET INSIGHTS 11/21
![]()
WEEK ENDING 11/18/2022 Happy Thanksgiving to all our readers. We at City Different Investments (CDI) are very thankful for you and our clients, who continue to trust us with their assets. If you’re...
FIXED INCOME MARKET INSIGHTS 11/14
![]()
WEEK ENDING 11/11/2022 Highlights of the week: October’s Consumer Price Index finally shows that Fed policy is working. China’s opening is inflationary for the United States. Midterms resulted in a...
FIXED INCOME MARKET INSIGHTS 11/07
![]()
WEEK ENDING 11/04/2022 Highlights of the week: The Fed: Slower, Longer, Higher. Whether you look at the JOLTS numbers or Friday’s payroll numbers, the jobs market looks strong. No reason for the Fed...
FIXED INCOME MARKET INSIGHTS 10/31
![]()
WEEK ENDING 10/28/2022 Highlights of the week: The Federal Reserve prepares for a possible 75 bps rate hike this Wednesday. The second biggest event is the nonfarm payroll report this Friday....
FIXED INCOME MARKET INSIGHTS 10/24/22
![]()
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
![]()
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
![]()
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
![]()
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
![]()
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
![]()
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
![]()
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
![]()
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
![]()
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
![]()
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
![]()
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
![]()
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
![]()
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
![]()
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....