https://www.mast-head.com/market-insights daily 0.75 2020-05-21 https://www.mast-head.com/market-insights/2020/5/22/paradox-of-thrift monthly 0.5 2020-05-22 https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1590076741846-R7WH05AOZG2EO7PHF0HH/Screen+Shot+2020-05-21+at+11.56.37+AM.png Market Insights - Paradox of Thrift https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1590076760356-NHXAUQUMJN6DNWFIU0WQ/image-asset.png Market Insights - Paradox of Thrift https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1590076775778-U57835VB60WVGS418ZZX/image-asset.png Market Insights - Paradox of Thrift https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1590166044290-1HBO97O12LBWA59RVTON/Screen+Shot+2020-05-22+at+12.46.51+PM.png Market Insights - Paradox of Thrift Source: Historical data from S&P Global, based on closing price as of May 20, 2020. Index up/down adjustments in Leg-2 and Leg-3 based on the average of Exhibit B and Exhibit C. Forecast period EPS is illustrative and based on prior downturns. https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1590114929244-NMMF05DL3GSL8DZH66Q4/Screen+Shot+2020-05-21+at+11.57.56+AM.png Market Insights - Paradox of Thrift Source: Goldman Sachs Investment Research (October 21, 2019). https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1590114956408-W4WHHO6CJ5GNKF83PUDM/image-asset.png Market Insights - Paradox of Thrift Source: Historical data from Standard & Poor’s; forecast from J.P. Morgan Research. https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1590077000185-MLMOJJDPM4RGJMI5FYYU/image-asset.png Market Insights - Paradox of Thrift https://www.mast-head.com/market-insights/2020/5/1/beware-of-weak-payroll-data monthly 0.5 2020-05-01 https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1588357864823-OQ3HBYYOC89E8Y5QRAYP/Screen+Shot+2020-05-01+at+2.30.15+PM.png Market Insights - Beware of Weak Payroll Data Source: U.S. Bureau of Labor Statistics. https://www.mast-head.com/market-insights/2019/11/25/gold-rush monthly 0.5 2019-11-26 https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1574738071756-531K11SDUQB0ZET7CD0B/Screen+Shot+2019-11-25+at+10.09.53+PM.png Market Insights - Gold Rush https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1574738120913-ZSZOS956HM7CECVK4HZF/image-asset.png Market Insights - Gold Rush https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1574738193971-M0KUCP4NVGG7W6S8J746/Screen+Shot+2019-11-25+at+10.10.34+PM.png Market Insights - Gold Rush https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1574738261869-9Y3YQ11L2YPMQEN7XM1Q/Screen+Shot+2019-11-25+at+10.10.52+PM.png Market Insights - Gold Rush https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1574738375593-OB1PCJZTQ0HHO14MV2UY/Screen+Shot+2019-11-25+at+10.18.34+PM.png Market Insights - Gold Rush https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1574738507375-BMD1KC1ETGOL64R1C76H/image-asset.png Market Insights - Gold Rush https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1574738522347-A03XETC4ZDPBVXO8B3HY/image-asset.png Market Insights - Gold Rush https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1574738542095-LUV1GAAVZXH25YF22GYI/image-asset.png Market Insights - Gold Rush https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1574738562778-9668D1TWVZOFRC92LZPA/image-asset.png Market Insights - Gold Rush https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1574738582731-8UX6WGGNR0OUNOKK1J27/image-asset.png Market Insights - Gold Rush https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1574738602422-SHQYAHJKLCR0Z1MS7OW1/image-asset.png Market Insights - Gold Rush https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1574738620352-PXWHEG0DAIY3X61SZV2E/Screen+Shot+2019-11-25+at+10.12.52+PM.png Market Insights - Gold Rush https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1574738648885-JJQC1TCI0QFDZJY8O0X5/Screen+Shot+2019-11-25+at+10.13.15+PM.png Market Insights - Gold Rush https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1574738672675-1AJML77NVE652OGSHBIN/image-asset.png Market Insights - Gold Rush https://www.mast-head.com/market-insights/2019/4/2/the-tipping-point monthly 0.5 2019-04-19 https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1554311266822-6N15F4V8L0GWJCH23J81/MH---The-Tipping-Point-%283-29-19%29_Page_3.png Market Insights - The Tipping Point Source: Challenger, Gray & Christmas, December 6, 2018. https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1554312134191-6ELR3R5GY6J3HE8UGBPS/image-asset.png Market Insights - The Tipping Point Source: Challenger, Gray & Christmas, March 7, 2019. https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1554312279174-QM64HKSBXI5GLQHO4YFM/Screen+Shot+2019-04-03+at+1.24.12+PM.png Market Insights - The Tipping Point Source: U.S. Bureau of Labor Statistics. https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1554312518491-I7Q53I4Y9JRTKTE4D1P0/Screen+Shot+2019-04-03+at+1.27.54+PM.png Market Insights - The Tipping Point https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1554312806947-MYV2H2SCJP7QCY22JEMR/Screen+Shot+2019-04-03+at+1.31.18+PM.png Market Insights - The Tipping Point Source: Tabb Group dated December 2018. https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1554312830278-K3B07WLWHNI49AJAS4B8/image-asset.png Market Insights - The Tipping Point Source: Goldman Sachs Research, January 2019. https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1554312854842-VKOEDHKX70PUEO7KXAGX/Screen+Shot+2019-04-03+at+1.32.04+PM.png Market Insights - The Tipping Point Source: Based on data from FactSet, S&P Global, and U.S. Federal Reserve https://www.mast-head.com/market-insights/2019/4/1/nov-2-market-outlook-waldorf-accord monthly 0.5 2019-04-19 https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1555697361573-W5L5X0XZV126WURCVSRK/Screen+Shot+2019-04-19+at+2.07.47+PM.png Market Insights - Waldorf Accord https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1555697453156-NL9WH2J8GFVUK8WP8O8D/Screen+Shot+2019-04-19+at+2.07.22+PM.png Market Insights - Waldorf Accord https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1555697495727-QNLGDBJ1IZLKREHUGCLS/Screen+Shot+2019-04-19+at+2.08.16+PM.png Market Insights - Waldorf Accord https://www.mast-head.com/market-insights/2018/4/19/the-tide-is-going-out monthly 0.5 2019-04-19 https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1555698602241-HOWPC36DSX45M39FXC67/Screen+Shot+2019-04-19+at+2.29.22+PM.png Market Insights - The Tide is Going Out https://www.mast-head.com/market-insights/2017/4/3/productivity-stagnation-explained monthly 0.5 2019-05-09 https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1557438532336-RCTY6M4M4BO68H97NJWT/Screen+Shot+2019-05-09+at+5.43.32+PM.png Market Insights - Productivity Stagnation Explained Source: U.S. Bureau of Labor Statistics. https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1557439860962-4231MJX4QXA994LEA3EA/Screen+Shot+2019-05-09+at+5.44.08+PM.png Market Insights - Productivity Stagnation Explained Source: Pew Research. https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1557439913485-1N56SOCPKUUXDMOBUZ11/Screen+Shot+2019-05-09+at+5.44.29+PM.png Market Insights - Productivity Stagnation Explained Source: U.S. Bureau of Labor Statistics. https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1557440005543-XHN3EOCXD5EN4CIZ92B6/Screen+Shot+2019-05-09+at+5.46.58+PM.png Market Insights - Productivity Stagnation Explained Source: The McKinsey Global Institute. https://www.mast-head.com/market-insights/2019/5/10/the-sdr-end-game monthly 0.5 2019-05-10 https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1557493741996-6WODU6LB84QBKAD0DDM9/image-asset.png Market Insights - The SDR End Game Source: International Monetary Fund (September 2016). https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1557493778291-YMUJIG0HFJVEQCPHLQ0V/image-asset.png Market Insights - The SDR End Game Source: The Economist (October 2015) https://www.mast-head.com/market-insights/2016/3/10/path-to-normalization-interrupted monthly 0.5 2019-05-10 https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1557452211914-79OT4W7I1JHUII3UH11F/Screen+Shot+2019-05-09+at+9.35.41+PM.png Market Insights - Path to Normalization Interrupted Source: Bloomberg News (2015). https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1557452267983-2QGQ098R3HUIPJS6LTKH/image-asset.png Market Insights - Path to Normalization Interrupted https://www.mast-head.com/market-insights/2019/5/9/unnatural-rate-of-interest monthly 0.5 2019-05-09 https://www.mast-head.com/market-insights/2019/5/10/inflation-targeting-revisited monthly 0.5 2019-05-10 https://www.mast-head.com/market-insights/2016/1/16/mystery-of-deflation-in-japan-solved monthly 0.5 2019-05-10 https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1557454432211-5AZGBN5EMC277B7GGAHB/image-asset.png Market Insights - Mystery of Deflation in Japan Solved Source: Japan Ministry of Health (2015). https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1557454447038-VC46IHCQVVTHOFYDKBEA/image-asset.png Market Insights - Mystery of Deflation in Japan Solved Source: Nomura Securities (2014). https://www.mast-head.com/market-insights/2015/12/15/riddle-of-low-wage-growth-in-us monthly 0.5 2019-05-09 https://www.mast-head.com/market-insights/2019/5/10/missing-us-retail-sales-found monthly 0.5 2019-05-10 https://www.mast-head.com/market-insights/2015/10/29/after-the-phillips-curve monthly 0.5 2019-05-10 https://www.mast-head.com/market-insights/category/2019 monthly 0.5 https://www.mast-head.com/market-insights/category/2018 monthly 0.5 https://www.mast-head.com/market-insights/category/2017 monthly 0.5 https://www.mast-head.com/market-insights/category/2016 monthly 0.5 https://www.mast-head.com/market-insights/category/2015 monthly 0.5 https://www.mast-head.com/market-insights/category/2020 monthly 0.5 https://www.mast-head.com/artists-montauk daily 0.75 2025-05-09 https://www.mast-head.com/julien-clarke-montauk daily 0.75 2025-05-09 https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456949681777-4Z2O93I7MYVB7WU8QQZQ/thumb.png Julien Clarke https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456949661127-D7QPK3E57URKCNIGXR30/1.jpg Julien Clarke https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456949669076-Z8D81V6K8AMU99VS6YY7/2.jpeg Julien Clarke https://www.mast-head.com/dana-buckley-montauk daily 0.75 2025-05-09 https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456949579316-8P8F881W59LH6749HI67/image-asset.jpeg Dana Buckley https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456949579316-8P8F881W59LH6749HI67/image-asset.jpeg Dana Buckley https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456949622835-MZ9S5K990OJWXEXK6OMQ/2.jpg Dana Buckley https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456949642084-SJMUNIAVGA9VGX7ATCXB/3.jpg Dana Buckley https://www.mast-head.com/sir-james-condi-montauk daily 0.75 2025-05-09 https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456949737009-IQVTJ3PFH9TA1YDUOE8J/1.jpg Sir James Condi https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456949737009-IQVTJ3PFH9TA1YDUOE8J/1.jpg Sir James Condi https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456949743126-JNXW3WU9EQ8LY6Z7PNTY/2.jpg Sir James Condi https://www.mast-head.com/heinrich-harrison-montauk daily 0.75 2025-05-09 https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456949768518-7US759046XR59QWAF8NB/1.jpg Heinrich Harrison https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456949768518-7US759046XR59QWAF8NB/1.jpg Heinrich Harrison https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456949782431-974GWDAP4ZLPU8LGQVU6/2.jpg Heinrich Harrison https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456949798200-4YUM0YW59OSFFCNJ7NFG/3.jpg Heinrich Harrison https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456949812361-WX1UJUQXJG79ABNHY5IQ/4.jpg Heinrich Harrison https://www.mast-head.com/emily-london-montauk daily 0.75 2025-05-09 https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456949844215-73DP6IL6D57CPGUBXI6G/2.jpg Emily London https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456949861984-D422UDQ75DFRGW99N1PK/1.jpg Emily London https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456949889676-3W21LMQQXBZ9Z85GG6JV/2.jpg Emily London https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456949898775-BPVRJVNYDUC8784HBZJ7/3.jpg Emily London https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456949907162-ZADZDC8QSTRFIMWW546E/4.jpg Emily London https://www.mast-head.com/jonathan-miller-montauk daily 0.75 2025-05-09 https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456950111235-8CM0LIL0K96OK07GMZMM/1.jpg Jonathan Miller https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456950111235-8CM0LIL0K96OK07GMZMM/1.jpg Jonathan Miller https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456950117845-254MWK9VVWTGFZG8FSDO/2.jpg Jonathan Miller https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456950126499-5ANZLJFVZ06QBEGJ32JT/3.jpg Jonathan Miller https://www.mast-head.com/charlotte-stowe-montauk daily 0.75 2025-05-09 https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456950758632-NAZO8MNX0YD4IEMV9UF6/1.jpg Charlotte Stowe https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456950758632-NAZO8MNX0YD4IEMV9UF6/1.jpg Charlotte Stowe https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456950766954-UI4WV1IUKWOCNOL9ZF16/2.jpg Charlotte Stowe https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456950777774-TL5RQAKEN8OQB85HQ3Y7/3.jpg Charlotte Stowe https://www.mast-head.com/cid-tolkien-montauk daily 0.75 2025-05-09 https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456950815936-S4V3GZ4BXDTTYKUU8TLJ/1.jpg Cid Tolkien https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456950815936-S4V3GZ4BXDTTYKUU8TLJ/1.jpg Cid Tolkien https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456950824357-OLK5CEA7PL07K3RKJAD6/2.jpg Cid Tolkien https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456950832626-MM68XA2G571CW0ESQ2N7/3.jpg Cid Tolkien https://www.mast-head.com/candice-whitman-montauk daily 0.75 2025-05-09 https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456950982714-2IXOYNN1M2KWJZKT0KF1/1.jpg Candice Whitman https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456950982714-2IXOYNN1M2KWJZKT0KF1/1.jpg Candice Whitman https://images.squarespace-cdn.com/content/v1/56d73dbac2ea51af9150258f/1456951004114-4G2SOWUQL5Q42L5GELWK/2.jpg Candice Whitman https://www.mast-head.com/home daily 0.75 2019-04-19 https://www.mast-head.com/overview daily 0.75 2026-05-06 https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/257359e9-0ebc-45d4-971d-fcbc79d91cc9/master-pnp-gtfy-08700-08740a.jpg Firm https://www.mast-head.com/insights daily 0.75 2020-05-22 https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1554145734998-62A8554D86MNUFADLYK5/MastHEAD.jpg Insights https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1590114422958-KHD02NJC3AH9KK97PZE3/image-asset.jpeg Insights https://www.mast-head.com/under-construction daily 1.0 2019-11-02 https://images.squarespace-cdn.com/content/v1/5888e4d3a5790ac5c1d3805f/1572709816440-XB9IWIODJMB0I727S6W0/image-asset.jpeg Home “I say your whales must be seen before they can be killed; and [a] sunken-eyed Platonist will tow you ten wakes round the world, and never make you one pint of sperm the richer...Heed it well!" 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