The phrase “chaos is in the air” is often casually stated. However, it is extremely applicable to describe the situation that the airline industry is currently enduring. With the upcoming Memorial Day weekend frenzy of vacationing and travel, consumers will experience their own version of chaos, but beneath the surface, airlines are facing their own …

In our 2026 Outlook, we wrote about being in an inflationary growth environment and riding the wave of AI-related investment. Here we are six months later, and things have played out almost exactly as that. Of course, we didn’t predict the Middle East crisis and the energy price shock that followed, but inflation was a …

Yields have been on the rise for the last few months. On February 27, the day before US hostilities with Iran began, the 10-year Treasury yield was 3.96%, just 0.01% above its low dating back to early October 2024. Since then, the 10-year yield has climbed nearly 0.50%, closing at 4.47% on May 13, the …