Now It’s Oil
Last week OPEC talks broke down when Russia refused to agree to proposed production cuts. As we have been saying in our recent letters, the coronavirus slowdown has reduced demand for oil and caused the price to decline. It just got worse. Over the weekend, Saudi...
Hecho en Mexico. Porque no?
As the sun comes up on another exciting day, European markets are up and US futures are up even more, after the Fed rate cut and down market yesterday, Monday’s huge rally, and last week’s rapid decline. Meanwhile, the 10-year Treasury is yielding well under 1%¹, a...
Four days in February
Monday seems like a long time ago. We sent out a letter about the Coronavirus Monday, and since then we have seen significant declines in equities and more news about the Coronavirus spreading. Thursday the Dow fell nearly 1200 points, sliding into “correction...
An Update On COVID-19 and the Outbreak’s Impact on the Markets
Coronavirus: COVID-19 U.S. equity indices fell sharply Friday and again this morning after hitting new record highs last week. And interest rates fell yet again, with the 10-year Treasury yield hitting 1.37% and the 30-year Treasury yield setting an all-time record...
It’s All In How You Look At It
Welcome to a new decade! This decade just seemed to fly past. The last thing I remember, the market was rebounding sharply in 2009 after the Great Recession. We started a new decade with a weak economy but a good equity market, predicted by exactly nobody, the...
Iran Situation
As we are sure you all know, the situation in the Middle East is tense and potentially dangerous right now. This situation would seem to have the potential to disrupt financial markets, but so far we are not seeing many signs of serious dislocation. That could...
China Update #47
In one of our recent client letters, The Chinese Connection, we discussed China’s role on the world stage as the world’s second-largest economy and as an aggressive power seeking dominance in both economic and military matters. The relevance to our financial plans...
FAAAM! – with apologies to Irene Cara
FAANG Big news – Jim Cramer is unceremoniously pulling the plug on Netflix. This obviously destroys the FAANG acronym he created and which we have found useful in describing the phenomenal growth of a handful of “tech” companies: Facebook, Amazon, Apple,...
Be of good cheer!
Here we go! The next 12-month period promises to be among the most interesting runups to an election in a long time. For some, it may also be an alarming and discouraging time. As almost everything gets perceived through a political prism, and media sources take...
The Chinese Connection
Asia is complicated. You might have noticed. China is in the headlines a lot lately, for good reason. But anyone who views the current set of issues as short-term and requiring the usual “kick the can” treatment is missing a lot. We have been “kicking the can down the...
