The S&P 500 hit another record high, but stock investors reacted poorly to a weaker-than-expected jobs report for August. Bonds rallied, as a slowing US economy portends a weaker labor market and potentially slack demand, setting aside concerns about long-term inflation, at least for the time being. Gold continued on its tear.

Risk markets were full on this week, with nearly everything better except the sagging US Dollar and safe-haven gold. What's not to like, as peace breaks out, US economic growth signals continued strength, and the trade war continues to be watered down.

There are many important issues in the US Presidential election, but none more so perhaps than immigration, inflation, and abortion.

The perfect storm of economic news cheered bond and stock investors, with asset prices rising across the board in the US. RoW less clear.

The decade 2010-20 involved a very hands-on approach by the Fed to steer the US economy out of a deep recession. What lessons can be learnt

Update for this past week in equities, credit, and other assets. IMF projects growth, SPACs under pressure, bank earnings coming, etc.

The purpose of this article is to provide you with a basic understanding of inflation – what it is, why it can derail a stable economy, and