Asset Allocation Bi-Weekly – The Economy That Won’t Die

Published on June 26, 2025

The old Wall Street quip about economists having “predicted nine of the last five recessions” has never felt more painfully relevant.

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SPACs Are Back. What Could Go Wrong This Time?

June 26, 2025
Following a surge in new listings by special purpose acquisition companies, one can’t help but worry about how astonishingly short Wall Street’s memory is. T

Cooling on the Surface, Steady at the Core: Retail Sales Tell a Mixed Tale

June 26, 2025
The US Census Bureau’s May retail sales report came in weaker than expected, with the headline measure — total nominal sales — down 0.9% on the month. It’s the largest drop in nearly two years and reflects broad-based softness across categories like autos, gas stations, and restaurants.