Soundings

Inflation

Drawing from the nautical practice of measuring depth, Soundings explores the underlying forces, risks, and opportunities beneath the market's surface..

Hold Me Now

August 2026

Every road this week led back to the bond market — rates climbing, the Fed quiet, the Treasury leaning on buybacks, and gold, crypto, and the dollar all telling on the debasement trade. Should you still own bonds? Do you need inflation protection?

Planes, Trains and Automobiles

May 2026

The Iran war exposes a hidden fuel divide — and an airline goes under as a result.