Palos Commentary

The Palos Perspective

It’s all about Productivity

Whatever happens in 2026 and beyond will be entirely dependent on whether recent productivity growth, which has registered average gains of 2.2% a quarter since

Read More »
The Palos Perspective

What’s Next? Neutral

Both the stock and bond markets cheered the Fed’s 3rd straight rate cut, but cutting rates further will be hard to do, even though the

Read More »
The Palos Perspective

The Case for Bitcoin

From 4 p.m. on Sunday to Tuesday afternoon, the price of a bitcoin dropped 8% to $84,000 and then rebounded fully by Wednesday, without any

Read More »
The Palos Perspective

The Yellow Brick Road

On October 9, 2025, gold soared 60% y/y to $4,061 an ounce, smashing every record in history, except for its exceptional performance in 1970s, when

Read More »
The Palos Perspective

Will the Beat Go On?

The market has been fearless of late with not just low volatility, but also tight credit spreads because there has been little anxiety of stagflation-depressed

Read More »