Our Latest Insights
Latest Article
Axiom | Vol 528
WEEK IN REVIEW Lingering Inflation and “Boffo” Earnings CPI and PPI show inflation hanging around - while second quarter earnings report nearly unprecedented gains. How is the Fed reacting? Annex Wealth Management's Dave Spano and Brian Jacobsen react....
Axiom | Vol 528
WEEK IN REVIEW Lingering Inflation and “Boffo” Earnings CPI and PPI show inflation hanging around - while second quarter earnings report nearly unprecedented gains. How is the Fed reacting? Annex Wealth Management's Dave Spano and Brian Jacobsen react....
Macro & Market Musings | 8/14/26
Comments based on information available as of 5:15 am CT on 8/14/2026 Growth: Help Wanted After last week's disappointing jobs report, this week's data offered an important counterpoint: businesses don't appear to be preparing for a downturn. Small-business optimism...
1941-1965: How the Middle Class Was Built
Last time we looked at the Great Depression. It was a time of monetary, fiscal, and regulatory policy failures. Lots of lessons were learned to help inform how to respond to future crises. This time, the rise of the middle class. For one generation, a single income...
Macro & Market Musings | 8/7/26
Comments based on information available as of 5:15 am CT on 8/7/2026 Growth: Dog Days of Summer The week's two Institute for Supply Management (ISM) surveys agreed on the big picture: the economy is picking up speed. Manufacturing jumped to its strongest reading in...
Axiom | Vol 527
WEEK IN REVIEW Dow Jones Shatters Records, Big Earnings Season Numbers The Dow Jones Industrial Average closes above the 54,000-point milestone for the first time ever. There continues to be big numbers for earnings season, and a less impressive jobs report. Annex...
4M: Monthly Macro & Market Musings: Stocks Absorbed the Shocks
August 5, 2026 (data and market prices through August 4) July was a month when the scoreboard hid the game. The Dow Jones Industrial Average returned 0.3%, while the S&P 500 slipped 0.1%. The Nasdaq Composite fell 3.2%, and the Nasdaq-100 lost 6.6%. The sharpest...
1929-1941: The Great Depression
Last time we looked at the Roaring 20s. The market boomed, but the boom may have been a bubble. 1929 is infamous for the bursting of the bubble. The stock market crash didn't have to become the Great Depression. A series of policy blunders turned a bad recession into...
Blog Archive