In Partnership with Annex

Macroeconomic Fog

GDP revised. Yes, they’re still trying to figure out how much output the economy produced. And they’ll be doing that for decades to come.

Nowhere to hide

Aren’t bonds supposed to provide support to falling stocks? That’s how things seemed to work during the two decades before COVID.

Shutdown Countdown

A shutdown delays rather than cancels spending. In fact, a shutdown only affects up to 27% of total federal spending.

Quality. An often-used term, but what does it mean?

This quarter, defense has been the best defense. Weakness exists with yields up but everything else down. Opportunities exist to lock in rates and hedge against inflation. Threats include prices the new marginal buyer of Treasurys is going to pay.

Could The Fed Be Done Hiking?

The Fed signaled rates may stay higher longer into the future, but is the rate hike cycle slowing? Annex Wealth Management's Dave Spano and Derek Felske discuss.

DC, we have a debt problem.

The federal government has spent $5.5 trillion since October 2022 and it has only collected $4 trillion. That’s not a sustainable path

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