What's in each issue.
Markets, decoded. What we're seeing in markets each month — the signal beneath the noise.
What we're reading. The articles, papers, and reports that shaped our thinking.
From Read Between the Lines. Trevor's monthly video series breaking down the headlines that matter.
Inside Matco. What our team is working on, fund updates, and occasional notes from Bill.
The Price of Time: What the Yield Curve is Telling Equity Investors
Short-term interest rates have fallen, but higher long-term rates mean investors can no longer rely on cheap capital, making strong cash flow, earnings growth, and reasonable valuations more important when selecting stocks. The author argues that equities remain attractive, but investors should focus on high-quality businesses that can grow without depending on lower rates or rising valuations.
Read the full issue