Spirit (Airlines) in the Sky Paid Members Public
Summary * We believe the Spirit/JetBlue merger is dead and leaves Spirit facing tough industry fundamentals along with a large $1.1b debt maturity in 2025. Capacity in the domestic air travel market is outpacing demand and rising operating costs are outpacing price increases. * Spirit (and airlines generally) are incredibly
Cross-Asset Snapshot Paid Members Public
The Case for Gold Miners in 2024 Paid Members Public
Summary * We think gold can outperform this year in various scenarios – for example, if the Fed pushes too aggressively for a soft landing through rapid cuts, or alternatively if employment rolls over quicker than many expect. We like playing the asset class through gold miners, and this report analyzes the
Cross-Asset Snapshot Paid Members Public
Cross-Asset Snapshot Paid Members Public
Cross-Asset Snapshot Paid Members Public
Front End Corporates Paid Members Public
Introduction Markets surged in the last two months of 2023, leaving investors with few attractive options to start 2024. Stocks are off to a bumpy start after the first few days of the year, but still just off all-time highs. Bonds, where we had been bullish, are also less compelling
