Posts by Twin Keel Capital, LLC

In the intricate world of finance, few occurrences trigger as much anticipation and speculation as the Federal Reserve’s decision to cut interest rates. For equity investors, this move is akin to a seismic shift, often evoking a flurry of reactions within the stock market landscape. In fact, the market’s recent strength has been attributed to…

Until more recently, the allure of U.S. equities has been magnified in comparison to bonds driven by depressed fixed income yields. This trend gains further significance when observing the exhibit below where we can trace the trajectory of equity ownership and interest rates from the 1980s, when interest rates peaked, to more recently when the…

There’s a common expression in investing that past returns are not indicative of future returns. Based on our research and experience, that is very much a true statement. The reason for this is largely intuitive as financial conditions can be quite different from period to period and they have a direct impact on forward asset…