Monthly Archives: December 2023

Yield curve screaming bear market in process

Posted on December 12, 2023 by Danielle Park

The US yield curve’s last 17 months of inversion has been the second longest in history (2-10 curve inversion lengths shown below since 1941 courtesy of The Daily Shot). Ditto for Canada, where the 2s-10s curve has also been inverted … Continue reading →

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The end of secular norms

Posted on December 12, 2023 by Danielle Park

A worthwhile overview of current conditions and implications for asset prices and unemployment in this presentation… In his Dec. 5, 2023, webcast, DoubleLine CEO and Chief Investment Officer Jeffrey Gundlach (0:06) tours a global environment undergoing a sweeping breakdown of … Continue reading →

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Markets have not yet priced new normal of slower growth China

Posted on December 11, 2023 by Danielle Park

Our September 30, 2021, client letter “Shifting Foundations” highlighted the default of Chinese property developer Evergrande as a turning point in the real estate-centric China growth story with broad implications for the global economy: China’s property sector has been the … Continue reading →

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