Independent Research and Economic Insight
Sakonnet Research provides independent research and analysis focused on the forces shaping the economy, consumer behavior, and business performance. Led by Adam Josephson, CFA, Sakonnet combines economic data, industry knowledge and practical analysis to provide clear insight into changing market conditions.
Learn more about Sakonnet Research
WHAT WE DO:
- Analyze all manner of consumer companies, including their historical volume and price trends
- Analyze bank lending (and deposit) data and how it affects the aforementioned consumer companies
- Analyze Fed/central bank data given their importance to the banking system and economy
- Analyze broker-dealer data given their importance as intermediaries in the Treasury market
September 2, 2026
An Explanation of Rising Global Government Bond Yields in Five Charts
I’ve come across numerous explanations in recent days of why long-term U.S. government bond prices are falling (meaning yields are rising), including (1) the increasing odds that the Federal Reserve (Fed) will raise its policy…
August 27, 2026
Consumer Spending Trends in One Table
I’ve written several notes lately about the state of consumer spending, including earlier today. The headline numbers look decent enough, but when one looks at the components of consumer spending from the Bureau of Economic…
August 27, 2026
What’s Driving U.S. Consumer Spending Growth?
I wrote yesterday about the growing share of U.S. consumer spending/personal consumption expenditures (PCE) on mandatory services such as health care, rent and insurance and on (services) categories influenced by the record-high stock market, including…
August 26, 2026
July a Perfect Example of Where Americans are Spending Their Money
The U.S. Bureau of Economic Analysis (BEA) released its Personal Income and Outlays report for July (link), which perfectly illustrated where Americans are spending their money (and why). The $36.3 billion increase in current-dollar/nominal personal…
MEDIA APPEARANCES
Timber Was Gold in the South — Until a Market Collapse Crushed the Forest Economy
8/27/26
By Ryan Dezember
Used box businesses eye opportunity amid rising containerboard prices
8/25/26
By April Reese
‘Drop in the bucket’: Why Wall Street will shrug off Bessent’s bond market plans
8/19/26
By Sam Sutton and Victoria Guida
Iran War Pushes Companies to Raise Prices on Beer, Paint, Fries and More
7/31/26
By Ryan Dezember
From Walmart to Wall Street: Who is Really Winning in This Economy?
5/17/26
By Miriam Gottfried & Telis Demos
The Iran war is hitting packaging supply chains. Are the impacts temporary?
3/19/26
By Katie Pyzyk
Adam Josephson started Sakonnet Research after the launch of his Substack titled “As the Consumer Turns,” which focuses on the consumer spending economy and on banks.
Previously, he worked in sell-side equity research at KeyBanc Capital Markets for over 15 years covering paper & packaging, precious metals, packaged food, and technology services companies. His Substack research has been cited in The Financial Times, and while a sell-side analyst he was quoted in such publications as The Wall Street Journal.
He’s a CFA charterholder and studied at Brown University and the University of North Carolina at Chapel Hill.
SERVICES
Sakonnet Research provides the following services:
- Customized data on sales/volume trends for retailers, CPG companies, restaurant chains, packaging companies, etc.
- Customized data on banks, broker-dealers, primary dealers’ holdings and transactions, central banks, etc.
- Consulting on request
Please contact Adam for consulting requests.
