There is no shortage of reasons to be bearish at the moment. We have war, oil heading toward USD90, inflation still hanging around and, just to make things more interesting, the possibility of the Fed hiking rates. The Fed meets September 15–16 which means Friday’s inflation report comes at a pretty interesting time. The market…

I periodically recycle old posts on my blog to ensure that new clients can benefit from valuable content they may have missed and this post is one such example.  We certainly live in interesting times. In the digital age, artificial intelligence (AI) is transforming various aspects of our lives. The conclusion I am getting from…

I picked this up from a conversation between two partners based in the US. One was clearly more bullish than the other, and I thought his argument was interesting. His view is that Warsh will probably try to keep everyone reasonably happy by leaving rates unchanged through the end of the year. Well, that should…

In my work, I read a lot every day. I just finished reading a 19-page report by AllianceBernstein on the 100-year portfolio, with plenty of interesting charts and data. There is always something new to learn. Sometimes, even after years in the market, a good report can still make you stop and think. Here is…

Most people in this business only talk about their winners. I have been doing this for 30 years. I have had losses. Real ones and well, the kind that cost money and time. Most people in this industry bury those stories. Nobody builds a personal brand on the trade that did not work. Here is…