Research from our desk.
Market and economic commentary from Whalen Financial Research. Browse the latest below, or subscribe to get it in your inbox.
The Regime Letter: Studying the Wreckage Without Buying the Wreck
Howdy everyone, Well, that was a week. A little bit of everything, and I’m not sure we’re all that much changed from where we were a week ago. So grab your…
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The State of Play: The Rotation Under the Hood
The Index Looks Tired, But the Tape Is Getting More Interesting Howdy everyone! Hope you all had a fantastic weekend. So I spent some time thinking about…
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The State of Play: The Fed Week Reset
Happy Monday everyone! Lot’s going on this week so let’s jump right in. So we’re heading into Wednesday’s Fed decision with the market acting like it still…
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THE REGIME LETTER: The Market Is Looking for the Wrong Backstop
“The market tells you everything. You just have to listen.” Howdy everyone, ok so I’m back from a brief hiatus, energized and ready to go, and there’s no…
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The Monday State of Play
Happy Monday everyone! Ok, so I spent a little time trying to come up with scenario that could help me describe what I’m seeing in the markets today and this…
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The State of Play
So here we are coming out of Memorial Day weekend, and the market is trying to do two things at once. It’s trying to look through yet another geopolitical…
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Who Pays for the Buildout?
Who’s ready for a long weekend? I know I am, but while you are out doing what you do for the Memorial Day weekend how about a little light reading? So without…
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The State of Play: Higher Rates, Higher Stakes
So, not exactly a quiet little Monday. Howdy everyone, hope you had a great weekend. Lots to unpack this week, so let’s get started. Kevin Warsh gets sworn in…
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The State of Play: Higher, But Narrower
Happy Monday everyone. Hope you had a great weekend, got those neurons recharged, and are ready to go. OK, so coming into this week, I keep thinking the market…
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The Regime Letter: Looking Through, Not Looking Away
Now that’s how you finish a week! So the market has been on a roll lately, but let’s take a gander at what is happening under the hood and where the pressure…
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The State of Play
So this wasn’t really in our plans. The conflict with Iran isn’t just sticking around longer than we thought. it has pushed through enough thresholds now that…
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The State of Play
Howdy everyone! Hope you got some rest because this week should be action packed! The markets are still waiting on a resolution with Iran, but we aren’t. So…
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The Regime Letter: When Markets Start to Split
Howdy everyone, O.K., so I’ve been thinking about a word that sounds more academic than it really is, but it may be a useful way of describing what has begun…
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The State of Play
Hey everyone, hope you had a great weekend and are ready to go. It doesn’t feel like we’re getting any quiet weeks anytime soon. So, coming off a week where…
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The State of Play: Waiting for Godot
ESTRAGON: Let’s go. VLADIMIR: We can’t. ESTRAGON: Why not? VLADIMIR: We’re waiting for Godot. Happy Monday everyone! How about that for a wild weekend? There’s…
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The Regime Letter: Putting the Year on the Calendar
Planning the Rest of the Year So I was sitting around the other night doing what everyone does this time of year, staring at the calendar like it’s going to…
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The State of Play
Good morning. Hope everyone had a great Easter weekend. I was able to grab a couple days out on the coast, which was long overdue. It was great seeing friends,…
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The Regime Letter
The New Liquidity Dealers Who actually carries the market when the Fed steps back Happy Friday everyone! I hope everyone got a chance to watch Trump’s speech…
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Monday Morning Outlook
Déjà vu anyone? It feels like we were just here because, in a lot of ways, we were. Another week, another market staring at the same pressure points and asking…
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The Belly of the Curve
I hope everyone is making their way through today’s tumult in the markets with an eye on the future. I realize it’s very difficult to look forward when it…
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