Our Research

The tradition of celebrating the New Year is older than Western civilization. Nearly 4,000 years ago, the Babylonians celebrated the end of one year and the birth of the next.

The very mention of December evokes imagery in the minds of many. Some envision family gatherings, blankets of snow, gifts wrapped under a tree, and, for the investors among us, the cheeriest of all seasonality phenomenon – the Santa Claus rally.

One of the hard lessons we’ve learned from a lifetime of being somewhat, let’s say, navigationally challenged is that it’s hard to know where you’re going when you’re not sure where you are.

In last month’s edition, we noted that it would take some time to know whether the pace of economic activity is finally normalizing after the significant disruptions/distortions brought about by the pandemic and the policy response to it…

A Leadership Shift into a Historically Tough Seasonal Stretch