Category Archives: Main Page

Hoisington Management’s Third Quarter 2023 Review and Outlook is now available. This is no sugary snack soundbite, but it’s five pages worth digesting. See Impending Recession. Here’s a taste: The peak in the financial cycle occurred in the fourth quarter … Continue reading →

It is not just rapid hikes in the overnight rate (525 basis points in 18 months by the US Fed and 475 basis points in Canada), which are contracting credit and slowing spending through the real economy. The drop in … Continue reading →

In the past few months, short-term treasury yields have risen more than long-term such that the yield curve, which has been inverted since April 2021, is now un-inverting. This move typically signals the near-term onset of recession and the worst … Continue reading →