"Profit margins are still the story"
"QT is about to turn from relying on sharp reductions in money fund RRPs to banks reducing their deposits"
Retail investors have largely sat out the rally in gold
"Those PPI numbers were a game-changer for the January core PCE print"
"There is a new S&P 500 CAPE ratio to consider"
"A flatter yield curve should benefit larger over smaller firms"
"Year 3 of a bull market tends to be messy"
