Based on some emails, some people are expressing frustration simply because the market and economy aren’t conforming to their expectations. That is not supposed to be funny. Indeed, markets often defy our expectations. The financial markets are influenced by a myriad of factors and these factors can interact in complex ways, leading to outcomes that…
Dark and delicious
Sometimes, you come across something and think, wait, that can’t possibly be right! Well, I have got another money maker for you in case you missed it. Throughout the first quarter of 2024, cocoa emerged as the undisputed leader among soft commodities and the entire commodities asset class. In a Bloomberg article, supply shortages…
Will the AI “bubble” burst?
Jeremy Grantham of GMO stands out as an indispensable voice in financial commentary, even though I may not align with all of his perspectives. I have just finished reading his latest piece digging into the US stock market, bubbles and AI, real assets, and under-recognized long-term problems. On another interesting note, another partner wrote that…
The 100-Year storm and the five big forces
My long-term position on China is widely recognized among my investors. I appreciate a partner sharing another interesting article by Ray Dalio, which could be of interest to some investors regardless of their views on China. There is a price for everything. Chinese assets ticked all the right boxes at the current levels. Here is…
Weekly breakfast
What a feeling! The first quarter of 2024 is in the books officially. The first three months of the year wrapped up with a strong performance across the markets. Stocks, ranging from domestic to foreign and covering both large and small companies, saw notable gains. My critics have been refuted, evident in the sector rotation,…