Cross-Asset Snapshot Paid Members Public
Published & Updated Weekly
Bank Stocks, Charts & Data: 2Q23 Paid Members Public
The Banking Sector In Charts Now that banks have reported 2Q23 earnings and filed their 10Qs, we present fundamental data across the sector, in chart form. Held To Maturity ("HTM") Securities Starting with HTM portfolios, we note that since 6/30/23 (for most banks, this is their
Cross-Asset Snapshot Paid Members Public
Published & Updated Weekly
Restaurant Stocks to Face Macro Headwinds Paid Members Public
Summary * The service economy has been resilient, supporting stocks catering to consumer ‘experiences.’ We think several macro headwinds could change those dynamics. This week’s note provides an overview of the restaurant sector and a long/short basket to play this theme. * Student loan repayments are set to resume this
Everyone's Starting a Multifamily Paid Members Public
SUMMARY * The current risk/reward for multifamily ("mFam") REITs is unattractive given our view that rent growth and vacancies will worsen, cap rates are too tight, headline risk for CRE in general is elevated, and higher fixed income yields mean better alternatives for yield-focused investors. * Macro headwinds include
