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
August 10, 2026
AICC Publishes a Letter Calling the Third N.A. Containerboard Price Increase This Year Unjustified
AICC, the independent packaging association whose members constitute a majority of privately held independent converters (box makers) in North America, just published a letter objecting to N.A. containerboard producers’ third announced price increase this year,…
August 10, 2026
Health Care Continues to Dominate U.S. Job Creation
I was out on Friday and parts of the BLS’s website were down over the weekend, so please forgive my lateness in sending out this chart. In the weak July jobs report, one of the…
August 9, 2026
What Will It Take to Get Long-Term U.S. Treasury Yields Down?
I wrote several notes over the past week about what the U.S. Treasury Department is doing to try to prevent long-term Treasury yields from rising even further than they already have, including its heavy reliance…
August 5, 2026
It’s Raining (Treasury) Bills
As many dealers expected, the U.S. Treasury Department retained its previous guidance for future debt issuance: no change to Treasury note and bond (coupon) auction sizes for at least the next several quarters, meaning well…
MEDIA APPEARANCES
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
Trump’s tariffs are driving a wedge through the US economy, further separating the haves from the have-nots
9/26/25
By Alicia Wallace
Cardboard-Box Demand Is Slumping. Why That’s Bad News for the Economy.
9/21/25
By Ryan Dezember
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.
