The Labor Shortage Is Real: Here's What That Means for the Fed and the Market

Powell can no longer assume there will be many months of strong labor gains before wage pressure becomes a serious challenge.

Don't Be Fooled by the Data

Wage inflation is a real risk.

Making Sense of the Disappointing April Jobs Report (And How I Traded It)

When government data seems strange like this, it is more likely to be an artifact of sampling or some other one-off reason.

Inflation Is Not Transitory

To get inflation fears, all we really need is a bunch of these subjects to hit the headlines.

Trading the Fed

We expect three themes to emerge from this week's FOMC meeting.

Here's Why Bonds Are Pausing, and Why Yields May Resume Their Rise

The possibility of lasting inflation is very real, and that possibility likely will result in bond yields continuing to rise.

MarketAxess Charts Present a Mixed Bag

There are bearish and bullish technical signals from the shares of the fixed-income trading platform.

March Jobs Report: What Stock and Bond Investors Need to Know

On Friday alone markets added half a rate hike to 2023.

Prepare for Higher Yields - Again

There are several things the Fed could do, but would it matter?

It Is Almost Buying Time Again: Here's My Shopping List

I still really like AAA-rated CLO ETFs.