Quarterly Market Outlook – Q1 2021

The emergence of Artificial Intelligence (“AI”) has triggered one of the largest growth spurts in US electricity demand in decades. Early indicators show some impacts of this already as grid electricity prices are increasing, signaling that electricity demand is growing faster than supply. While the underlying technologies powering AI systems are expected to become significantly …

Let’s go back to basics (it’s not quite back-to-school time) to discuss a topic that can occasionally cause communication issues for investors of all types. While the yield to maturity on an individual bond is typically the best predictor of total return, as we’ve noted in many of our Market Outlooks, the current yield on …

The Case-Shiller National home price index fell 0.4% month over month in April, the second consecutive month of declines following the 0.3% decline in March. Note that the Case-Shiller index is actually a three-month average, and so the April index prices are a three-month average of February, March, and April. That means the actual monthly …