Pie Party

Since Atlas started back in 2009, we’ve held 10 Pie Parties each year (we go dark in November and December).  They are simple events designed to be an open dialogue with the attendees.  As the name suggest, guests are served pie and beverages as we discuss the topics du jour.  Covid-19 shut these down last year, but we started them back up at the end of March in a

At Tuesday’s Pie Party, a question about the Repo Market (thanks Jerry S.) started the meeting.  After a quick definition, we concluded it has largely moved back to normal, and the system is working orderly once again. 

At last Tuesday's Pie Party much of the discussion centered around the U.

Our Pie Parties always provide wonderful material for morning notes.  Tuesday’s gathering was no exception.  As you might have guessed, the recent government shutdown was brought up and we explored the topic.  In particular, Jack voiced concern about workers not being able to financially shelter in place during their paycheck hiatus.  In other words, why couldn’t

At our last Pie Party, Jack raised a question about basic definitions regarding terms often thrown around:  bull and bear market.   Well his question led to more questions.  What is a bull market?  When do they start?  How far must a bull market fall before it ends?