These are not normal times. These are picking-up-pennies-in-front-of-the-steamroller times.

Last week, VIX rallied – hand in hand with the S&P 500, which in and of itself is rare. Volatility likely gets bid up in the sessions ahead.

This stable inflation environment, coupled with the ongoing resilience of growth, suggests that markets are adapting to a neutral policy rate that may have moved higher.

Investors often flock to gold as a haven during economic uncertainty, driving up its price. Conversely, in times of financial stability, gold prices may fall as investors seek higher returns elsewhere.

When one borrows dollars and accumulates debt, they’re taking a short position on the dollar and a long position on interest rates. This is the last thing anyone needs when managing long-term debt