A Brutal Bond Market

The Bloomberg Aggregate Bond Index was created by Lehman Brothers in the early-1980s to offer investors a benchmark for the investment grade taxable bond market.1 The index is made up of mostly Treasuries, corporates, mortgage-back securities and asset-back securities covering more than 10,000 fixed income securities in total. The Agg is now the benchmark most…

Animal Spirits: The Wobbly House of Cards

On today’s show we discuss the interconnected hyperscalers, AI’s risk to the economy, the chart of the year, Nvidia’s valuation, Meta’s personal assisstant, $186 trillion in household wealth, 10 year return projections, the case for owning bonds, why the Fed raised rates, Bitcoin’s comeback, fixing the housing crisis is harder than it sounds, the best movie of the 1980s and more.