This month’s Market Bearings explores the growing tension between rising inflation, higher interest rates, and the impact of massive AI infrastructure spending on markets and asset prices. W. Allen Wallace breaks down what recent economic data may be signaling, why cash flow matters more than price fluctuations, and how Basepoint is positioning portfolios amid increasing uncertainty. "Inflation is the one form of taxation that can be imposed without legislation." -Milton Friedman "Interest...

Periods like this can feel uneasy, especially when markets appear calm on the surface. Our role is to look beneath that surface and position your portfolio accordingly—so you can stay focused on your long-term goals. “I’d rather be vaguely right than precisely wrong.” -John Maynard Keynes “…one ought to hold all one’s beliefs with a certain element of doubt, and one ought to be able to act vigorously in spite of the doubt.” -Bertrand Russell Millions of very...

What do today’s market signals—on inflation, recession risk, and the U.S. dollar—mean for your investment strategy? This 5-minute read from Basepoint's Chief Investment Officer explains how today’s headlines may impact your portfolio. “May you live in interesting times.” While the above quote is often mistakenly referred to as “The Chinese Curse”, the sentiment remains the same. Interesting times can be hard times. Unexpected things happen, things change quickly, and chaos keeps our...