Asset Allocation Reports
Asset Allocation Bi-Weekly – The Erosion of Exorbitant Privilege (February 2, 2026)
by Thomas Wash | PDF Japan’s pursuit of aggressive fiscal stimulus has put it in a precarious position. Prime Minister Takaichi has called snap elections for February 8 to leverage her popularity and improve her parliamentary majority to pass a major tax cut plan. The market’s response, however, has been a haunting echo of the… Read More »
Asset Allocation Quarterly (First Quarter 2026)
by the Asset Allocation Committee | PDF Recession likelihood is low over our three-year forecast period. Economic growth continues near trend, with policy spurring business investment. Fed policy will lean dovish, supporting risk markets. Inflation likely to remain in the 2.5-3.5% range, above the Fed’s long-term target. Risk markets are expected to enter a rotation… Read More »
Asset Allocation Bi-Weekly – The Great Silver Short Squeeze (January 20, 2026)
by Thomas Wash | PDF There is perhaps no market force more fearsome than a true short squeeze. In our increasingly digitized financial world, a perilous gap often emerges between “paper” positions and physical reality. A short squeeze occurs when entities that have sold a promise to deliver an asset, be it a stock, a… Read More »
Asset Allocation Bi-Weekly – America’s AI Buildout and Its Market Risks (January 5, 2026)
by Thomas Wash | PDF The construction of data centers has come to define the US economic narrative of 2024 and 2025. This unprecedented buildout reflects the urgent need to adapt national infrastructure to the rapid proliferation of artificial intelligence (AI). While the surge in investment has provided a powerful boost to economic activity, it… Read More »
Asset Allocation Bi-Weekly – What Catch-Up Economic Reports Say About the AI Boom (December 8, 2025)
by Patrick Fearon-Hernandez, CFA | PDF Now that the federal government’s record-breaking shutdown over budget issues has ended, agencies have been releasing batches of delayed economic reports. In some cases, officials have warned the reports may never be released, given that statisticians can’t go back in time and collect certain data. The prime examples of… Read More »