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High Oil Prices Won’t Spark A 1970s Inflation Repeat

High Oil Prices Won’t Spark A 1970s Inflation Repeat

By Michael Lebowitz and Lance Roberts | Mar 25, 2026 | Daily Market Commentary
Some media pundits are warning the public that high oil prices will spark a repeat of the high-inflation era of the 1970s. High oil prices will feed through to inflation; however, the...
Corporate Debt Tranches: Why Issuers Are Slicing Jumbo Deals

Corporate Debt Tranches: Why Issuers Are Slicing Jumbo Deals

By Michael Lebowitz and Lance Roberts | Mar 24, 2026 | Daily Market Commentary
According to a recent analysis by the
The LENDX Liquidity Trap – RIA

The LENDX Liquidity Trap – RIA

By Michael Lebowitz and Lance Roberts | Mar 23, 2026 | Daily Market Commentary
The Stone Ridge Alternative Lending Risk Premium Fund (LENDX) is the latest to face liquidity pressure amid growing concerns about private credit. As an interval fund, LENDX’s share...
The Bear Market Hiding Beneath The Calm Surface

The Bear Market Hiding Beneath The Calm Surface

By Michael Lebowitz and Lance Roberts | Mar 20, 2026 | Daily Market Commentary
Many investors consider a 20% drawdown or more to be a bear market. Based solely on that definition, the table below, courtesy of Morgan Stanley, shows that 42%, or over 200 of the S&...
A Fed Balancing Act: Oil, Iran, Slower Growth

A Fed Balancing Act: Oil, Iran, Slower Growth

By Michael Lebowitz and Lance Roberts | Mar 19, 2026 | Daily Market Commentary
Few Fed meetings in recent memory have presented the FOMC with a more uncomfortable set of competing signals than yesterday’s. The Iranian conflict and its impact on oil and oil-dep...
M2 Money Supply: Is 45% Growth Really Inflationary?

M2 Money Supply: Is 45% Growth Really Inflationary?

By Michael Lebowitz and Lance Roberts | Mar 18, 2026 | Daily Market Commentary
A client sent us the quote below from Michael Oliver of Momentum Structural Analysis and asked for our comments regarding gold and the growth of the M2 money supply:
The Brent WTI Spread: The Market’s Take On Iran

The Brent WTI Spread: The Market’s Take On Iran

By Michael Lebowitz and Lance Roberts | Mar 17, 2026 | Daily Market Commentary
When oil-related geopolitical risk flares up, most investors take their cue from oil prices. While energy prices are vital to monitor, far fewer investors track the telling price spre...
Data Center Leases: Is Spending Mindful Of Revenues?

Data Center Leases: Is Spending Mindful Of Revenues?

By Michael Lebowitz and Lance Roberts | Mar 16, 2026 | Daily Market Commentary
A recent Bloomberg article, “
Amazon Debt: Great Demand Despite Concerns

Amazon Debt: Great Demand Despite Concerns

By Michael Lebowitz and Lance Roberts | Mar 13, 2026 | Daily Market Commentary
The technology sector has been on edge in recent months, in part due to the evolving landscape of AI innovation funding. More specifically, equity investors of the largest AI companie...
Core CPI Lowest In 5 Years: Pre-Conflict Inflation Snapshot

Core CPI Lowest In 5 Years: Pre-Conflict Inflation Snapshot

By Michael Lebowitz and Lance Roberts | Mar 12, 2026 | Daily Market Commentary
The February CPI report was largely as expected. The month-over-month headline figure rose by 0.3%, bringing the year-over-year rate to 2.4%. Core CPI, excluding food and energy, rose...