December 3, 2018

This week's chart shows the cumulative change in the Fed Funds rate for each U.S. economic cycle since 1954. This is a visual representation of the investor's mantra, "Don't Fight the Fed ". Tighter monetary policy has been a contributing factor - and arguably the contributing factor - to the end of every sustained economic expansio...

October 30, 2018

We have long contended that asset purchases by central banks contributed – directly or indirectly – to gains in global stock markets (represented here by the MSCI All Country World Index). We know that correlation does not necessarily imply causation, but a visual inspection of this chart, which has been updated through October 29, suggests at least some...

May 7, 2018

The expected rate of inflation implied by the Treasury market (comparing Treasury yields to TIPS) for maturities from 5 to 30 years is clustered—at the tightest spread in over a decade—at just over 2%. This suggests the market sees inflation anchored neatly at the Fed's long-run target well into the future.

April 30, 2018

According to the Congressional Budget Office, the U.S. budget deficit could hit $1T by 2020. Higher deficits will add to the national debt, which is expected to jump more than 50% from over $21T to $33T in the next decade. To finance this, the U.S. Treasury will need to ramp up bond issuance. Over the next 5 years, in addition to nearly $6T in Treasuries,...

February 19, 2018

Given the recent increase in volatility, we thought it made sense to hit pause and zoom out for some perspective on how we got here. Why are markets so concerned about a seemingly modest uptick in inflation? Why are rate hikes a bad thing if economic growth is relatively strong? We believe a key development to watch this year is the potential end of 9-y...

Please reload

White PNG.png
SpringTide Partners
200 West Superior Street, Suite 200
Chicago, Illinois 60654
T  312 620 6362
  • White Twitter Icon
  • White LinkedIn Icon

Manager submissions? Submit info here

The information contained in SpringTide Partner's website is of a general nature and for informational purposes only and does not constitute financial, investment, tax or legal advice. These materials reflect the opinion of SpringTide Partners as of the date produced and are subject to change at any time without notice due to a variety of factors, including changing market conditions or tax laws.  Where data or analysis is presented that is prepared by third parties, such information will be cited. These sources have been deemed to be reliable by SpringTide but no guarantee can be made as to their accuracy.  Any links to third party websites are offered for use entirely at your own discretion. SpringTide Partners is separate and unaffiliated from any third parties listed herein and is not responsible for their products, services, policies or the content of their websites. All investments are subject to varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy or product referenced directly or indirectly in this website will be profitable, perform equally to any corresponding indicated historical performance levels, or be suitable for your portfolio. Past performance is not an indicator of future results.

© 2019 SpringTide Partners. All Rights Reserved.