Articles that tagged "Market Commentary" from Times Gone By...
The Warsh Mandate

The Warsh Mandate
— Margin Notes: 2026-05-23

The institutional psychology of the US bond market is currently grappling with a directive that sounds like freedom but feels like a threat. When Kevin Warsh was sworn in as US Federal Reserve Chair, the US government provided him the explicit instruction to do his own thing. For a portfolio manager, this is a dangerous kind of autonomy...

The Warning Shot

The Warning Shot
— Margin Notes: 2026-05-22

A small spark in the Middle East has officially become a structural fire. The attack on a UAE nuclear plant from Iraq serves as a calculated warning shot from Iran, shifting the regional tension from diplomatic posturing to kinetic reality...