Last week the U.S. Treasury auctioned $70 billion in 5-year notes. By any conventional measure, this was a weak auction in which buyers needed concessions:   Since 2023, bond investors have been increasingly worried about a combination of fiscal, inflationary…

Upon returning from a trip this summer, my family was surprised to find that the smoke alarms in our house had staged a revolt. All of them had been installed together. Therefore, they all reached the end of their 10-year…

I started working on this blog on Friday, the 25th anniversary of the 9/11 terror attacks. I wanted and intended to commemorate that day to honor the victims and share the anger and sadness I still carry today. But I…

As the calendar turns to September and temperatures begin to cool (or not!), our attention naturally turns to…football. Fantasy football has become an integral part of the football season. For those unfamiliar, fantasy football involves drafting a lineup of players…

When clients see “Client Relationship Manager” in my signature line, they may picture meetings, phone calls, and a full inbox. Those are part of it, sure, but they’re only the visible layer. Most of what actually goes into great client…