You've probably noticed inflation came in especially hot this week. I'd like to share a quick article by Barry Ritholtz that digs into what goes into that 9.1% number. Long story short, its mostly about oil, but attention needs to be paid to services.  The  CPI data  came out today sizzling hot at 9.1%: “ Over the last 12 months, the all items index increased 9.1 percent before seasonal... READ MORE

Over the past few weeks, there is one story that trumps all in the world, and that’s the Russian war against Ukraine. Like all of you, I have been bombarded with stories from mainstream sources on TV and print, as well as the legion of armchair geopolitical experts on social media. Despite the firehose of everchanging information, it seems there is no shortage of opinions on what we (the US,... READ MORE

Below is an excerpt from our latest WJ Notes newsletter. The full piece examines how inflation affects stocks, bonds and alternatives as well as our own positioning in those asset classes.  Stocks Stocks are always more complicated to predict than bonds. There are several factors to consider when predicting how they will perform during a period of inflation. What were the valuations going into... READ MORE

Recently we wrote a blog covering the signs of inflation we are currently experiencing and defining the type of inflation this could ultimately lead to. All of that is summed up here. This WJ Notes is the Part II to the blog and is going to cover how inflation will ultimately affect the portfolio, and what we can do about it. We recommend reading the first part in order to have a better... READ MORE