Insights & Research from
CB Investment Management

The recent divergence between the real yield and the forward P/E is a red flag for US equities. The forward PE Ratio has never been this high compared to real

The divergence between bond yields rising and earnings yields falling has driven the S&P 500 Equity Risk Premium to extremes beyond 2008 levels into the clearly defined 110 year “death

Interest rate markets have since reverted to the Fed script but stocks remain near recent highs. For how long can economic trends and conditions which historically have reliably proved to

If Central Banks end tightening too soon this raises the risks of higher inflation for longer. There are also some other key additional risks that could get in the way

The current rate cut pivot mania, where immediate rate cuts and higher asset values follow in short order, seems to be out of line with current policy statements and longer

In recent years the Federal Reserve has been alternating between opposite extremes in policy. An expanding debt trap comes with ever more violent cycles. How can investors manage this optimally?

With a recession likely dead ahead, the focus will quickly shift to not only how deep the recession will have to be to get to the inflation target, but also

The equity rally since October can be attributed to peak cycle inflation and improving interest rates prospects. These are necessary but insufficent conditions for a durable equity market rally. Corporate